Berkshire Partners, Glen T. Senk to Co-Invest in Retail, Consumer Businesses
Berkshire Partners LLC, the Boston-based investment firm, and Glen T. Senk, a retail and consumer executive, announces that they are partnering to co-invest in innovative, high-growth retail and consumer businesses. Berkshire Partners has initially committed $350 million to future investments alongside Senk and his newly-formed firm, Front Row Partners LLC, where he serves as Chairman and Chief Executive Officer.
Prior to forming Front Row Partners, Senk served as Chief Executive Officer of David Yurman and, prior to that, as Chief Executive Officer of Urban Outfitters. He also held senior executive positions at Anthropologie, Williams-Sonoma (WSM), Habitat, and Bloomingdale's. Senk serves on the board of directors of Melissa & Doug, and previously served on the boards of Bare Escentuals, cooking.com, David Yurman, Tory Burch, and Urban Outfitters.
Ross M. Jones, Managing Director of Berkshire Partners, says, "We are excited to partner with Glen, who is a world-class executive with an impressive track record of building and profitably growing innovative consumer companies across channels, including wholesale, stores, and e-commerce."
Marni F. Payne, Senior Director at Berkshire Partners, adds, "Glen is a unique talent. He is creative and analytical, with an innate understanding of what motivates consumers. This skill set will be critical as we collaborate with management teams to further grow their businesses."
Senk says, "The consumer marketplace is rapidly evolving, with tremendous opportunities for innovative entrepreneurs with exciting new concepts and go-to-market-strategies. Our goal through this partnership is to invest in consumer and retailing businesses and help them accelerate their strategies to become industry leaders."
"I could not have found a more complementary partner than Berkshire Partners for this new venture," Senk continues. "They are an exceptional group of people with tremendous integrity and deep experience investing in the consumer space. Front Row Partners will benefit immensely from having access to the talent and resources that Berkshire can provide."
Related Articles:
Brooks Sports is Built for Speed with PLM
Heinz Deal Takes Big Step Toward Completion
H.J. Heinz Agrees to Be Acquired
Prior to forming Front Row Partners, Senk served as Chief Executive Officer of David Yurman and, prior to that, as Chief Executive Officer of Urban Outfitters. He also held senior executive positions at Anthropologie, Williams-Sonoma (WSM), Habitat, and Bloomingdale's. Senk serves on the board of directors of Melissa & Doug, and previously served on the boards of Bare Escentuals, cooking.com, David Yurman, Tory Burch, and Urban Outfitters.
Ross M. Jones, Managing Director of Berkshire Partners, says, "We are excited to partner with Glen, who is a world-class executive with an impressive track record of building and profitably growing innovative consumer companies across channels, including wholesale, stores, and e-commerce."
Marni F. Payne, Senior Director at Berkshire Partners, adds, "Glen is a unique talent. He is creative and analytical, with an innate understanding of what motivates consumers. This skill set will be critical as we collaborate with management teams to further grow their businesses."
Senk says, "The consumer marketplace is rapidly evolving, with tremendous opportunities for innovative entrepreneurs with exciting new concepts and go-to-market-strategies. Our goal through this partnership is to invest in consumer and retailing businesses and help them accelerate their strategies to become industry leaders."
"I could not have found a more complementary partner than Berkshire Partners for this new venture," Senk continues. "They are an exceptional group of people with tremendous integrity and deep experience investing in the consumer space. Front Row Partners will benefit immensely from having access to the talent and resources that Berkshire can provide."
Related Articles:
Brooks Sports is Built for Speed with PLM
Heinz Deal Takes Big Step Toward Completion
H.J. Heinz Agrees to Be Acquired