Parallel Lines

INVESTMENT

  PORTFOLIO

IVEST Consumer Partners investments include the following companies.

Consumer Private Equity Branded Consumer
SPENCE
DIAMONDS
M&M FOOD MARKETS
 
 
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DAN DEE
INTERNATIONAL
ANIMAL 
ADVENTURE
 

OPERATING

TRACK RECORD

Decades of Value Creation

TARGET INC.

Re-invention and successfully competing with Walmart

Doubled the Store count of Target Inc.

Created the diffusion brand strategy that made Target unique

ROSES

Turnaround and salvation of bankrupt Roses Dept Stores

1.8 bil in rev, turned it around and sold it paid off creditors in 24 months

WARNER BROS

Operating Profit CAGR over 7 years 27% aggregate operating profit growth 400%

George and team discovered JK Rowlings and signed the first licensing deal for Harry Potter. 

Grew Warner Bros Worldwide Licensing to second largest licensing company in the world 23 countries 7billion

in annual sales

SAKS DEPT STORE GROUP

Turned around 6 challenged dept store divisions and sold them for 2 BILLION and doubled the market cap of stand alone Sak's Fifth Ave.

BORDERS BOOKS

Reduced debt by 40%, increased cash flow by over $120million annually

Reclaimed e-commerce business from Amazon brought it in-house

Created Borders Rewards Loyalty program

Created new store prototype

 

Credit Suisse Equity Research

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George Jones, candidate for CEO of the Year

 

EMMY AWARD

George Jones Produces Emmy Award TV Show

Last Shot with Judge Gunn is an American reality-based nontraditional court show that debuted in syndication on September 26, 2011. The series is presented by Mary Ann Gunn and distributed by Trifecta Entertainment, with Peter Brennan, Matt Battaglia, and George Jones serving as executive producers on this series

 

Grammy Foundation

George Jones, will now be the GRAMMY Foundation's Chair Emeritus

The GRAMMY Foundation was established in 1989 to cultivate the understanding, appreciation and advancement of the contribution of recorded music to American culture — from the artistic and technical legends of the past to the still unimagined musical breakthroughs of future generations of music professionals.

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HARVARD

CASE STUDY

Download the Harvard Case Study 

 

On how IVEST Consumer Partner members George Jones and Ken Armstrong turned around and transformed the Parisian Stores division during their tenure at Saks Department Store Group

EXCERPT

 

In 2005, George Jones had two jobs: he was head of Saks Inc.'s 41-store Parisian department store chain as well as President and CEO of the Saks Department Store Group (SDSG), an umbrella for seven chains with a total of 182 stores across the United States. In 2003 Jones had taken over direct management of the faltering Birmingham, Alabama-based Parisian, which operated moderate to upscale department stores in the southeastern United States. By mid-2005, he had succeeded in turning the business around. "Between Q2 2003 and Q2 2005, we registered eight successive growth quarters all the while reducing expenses. We had a dramatic impact on almost all of our stores and registered 20% to 40% sales growth in many of our stores. Turns were up nearly 20% and profitability improved over 90%." --George Jones

 

 

Subjects Covered

Growth strategy, Marketing, Profitability, Turnarounds

 

 

 

 

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