Russell Sternlicht

Russell Sternlicht Email and Phone Number

Seasoned Business/Organizational Leader @
Russell Sternlicht's Location
Boston, Massachusetts, United States, United States
Russell Sternlicht's Contact Details
About Russell Sternlicht

I am an internationally experienced leader with an extensive background in consumer branded businesses, including hospitality & leisure, restaurants, luxury goods, health & wellness, specialty retail, and soft goods & accessories primarily derived through CEO, COO, private equity, and M&A responsibilities. I have a history of formulating (new) operational strategies, improving organizational efficiencies, and generating new sources of sustainable revenue. I also have a track record of building and leading teams in executing short and long-range management and organizational plans through strong communication and culture bias as well as an understanding of navigation of stakeholder interests. I have comprehensive P&L experience and am adept at change management, strategic planning, turnarounds, branding and growth, investor management, and fundraising. My background has helped develop a broad financial acumen – experienced in mergers, acquisitions, minority interests, recapitalizations, equity & debt offerings - as well as significant experience in complex transaction structure and negotiation, including internationally in Europe, the Middle East, and the Far East. Professionally, I endorse open and creative thinking, management humility, high accountability, intellectual curiosity, and intellectual honesty.

Russell Sternlicht's Current Company Details
.matter

.Matter

Seasoned Business/Organizational Leader
Russell Sternlicht Work Experience Details
  • .Matter
    Managing Partner
    .Matter May 2011 - Present
    Successor entity to Ninth Space, a brand and operational consultant, incubator and fundless private equity sponsor focused exclusively on the branded B-to-C market, drawing on my substantial background in health and wellness, hospitality, restaurants, luxury goods, specialty retail, apparel, jewelry and footwear, and geographic immersion in the United States, Europe, the CIS, the Gulf and parts of Asia. My consulting expertise is broad - C-Suite, operations, and sales best practices, planning and executing for scale, turnaround management/planning, full financial review/management, real estate site location/lease negotiation, M&A transaction advisory/structuring/negotiation, and sustainability of operations.My private equity efforts target smaller and emerging cap opportunities primarily in the food & beverage outlet spaces, health & wellness, and specialty retail and e-commerce, including self-incubated concepts. I will only invest in businesses where CSR is a priority and not a term of trade and will work to create and fund social missions within the portfolio companies. Investment criteria include an in-depth understanding of unit economics, lease lives, acquisition multiple, and scalability, both domestically and abroad through owned, licensed, and franchised strategies.Key activities include: * Currently incubating, from inception through launch, a highly-differentiated specialty "bricks and clicks concept" in the men's grooming arena;* Current Board Member and Chairman at MidAmeriCanna LLC;* Current Board Member and Senior Adviser at HomeField;* Former Advisor to the Malaysian sovereign wealth fund on its hospitality and leisure interests;* Former Advisor to two growth private equity firms sourcing and assessing opportunities and portfolio company value capture;* Formulated turnaround and growth plans for two multi-unit, multi-state restaurant businesses.
  • Field & Stream
    Chief Business Officer & Chief Operating Officer
    Field & Stream Jun 2023 - May 2024
    New York City, Us
    Start-up CBO & COO for relaunch of Field & Stream. Led purchase of media business and related IP, including transaction valuation, negotiation and closing. Led integration of media business and branded retail business. Oversaw construction of new integrated website (July 2023 launch), including strategy planning for a new ecommerce marketplace. Actively participated in all pending licenses, DTR approaches and contemplated joint ventures from strategy and legal perspective. Built company's first integrated budget from scratch for 2024 and instilled financial metrics and KPI's across relevant business activities. Transitioned responsibilities to three new full-time employees. Never intended for full-time work.
  • Nic+Zoe
    Board Member
    Nic+Zoe Jan 2014 - May 2022
    Natick, Ma, Us
    Nic + Zoe is a leading branded women's knitwear and more resource in the better-priced category with distribution through major department and specialty stores nationally as well as through its own retail and e-commerce sites.
  • Tone It Up
    Chief Executive Officer
    Tone It Up May 2020 - Nov 2021
    Hermosa Beach, Ca, Us
    Tone It Up is one of the country’s leading women’s fitness and wellness communities, operating through digital and wholesale channels. Working with the Founders, private equity sponsors, and senior management team, I was responsible for reimagining, designing, executing, and monitoring an enhanced and integrated omnichannel distribution strategy, hiring new senior management and mid-level teams, and coalescing them into a seamless team, igniting the product innovation pipeline, strengthening supply chain capabilities and resiliency, overseeing financial health, and positioning the company, culturally and operationally, for significant future growth. Some key achievements in this role include:* Assumed CEO position mid-Pandemic and grew sales in 2020 40% over April 2020 forecast and projected 2021 run rate 70%+ over 2020 actual sales. * Championed complex deadline-driven projects, including complete packaging redesign; 3PL RFP, selection and migration for omnichannel inventory and distribution; revamp of App, including UX/UI redesign, competitive assessment, eCommerce strategy, and customer journey mapping; white space assessment for community growth, new customer conversion, and reduced attrition in the changed pandemic-populated home fitness market.* Slashed EBITDA loss by more than 50% despite unique pandemic challenges - iOS 14.5 disruption, retailer reset delays, and enormous supply chain constraints.* With sales team and shareholders, modified and grew wholesale sales in partners, doors, and dollars, as well as reimagined e-commerce and consumer marketing strategies. Laid foundation for distribution in Canada, Europe, and China.
  • Tengram Capital Partners
    Operating Partner
    Tengram Capital Partners Oct 2019 - Apr 2021
    Westport, Ct, Us
    I served as a Senior Operating Partner to TCP, a mid-market focused branded consumer private equity fund. Assisted with transaction origination, development and analysis, and portfolio company monitoring, one of which was Tone It Up, to which I transitioned and served as full-time CEO until the end of 2021.
  • Khazanah Nasional
    Consultant To Destination Resorts & Hotels
    Khazanah Nasional May 2012 - Mar 2013
    Kuala Lumpur, Kuala Lumpur, My
    I was a consultant to DRH, a 100% owned subsidiary of Khazanah focused exclusively on the Sovereign Funds investments in the tourism and hospitality arenas. Project-related functions include operations, turnaround management, business and strategic planning, human resource planning, brand-building and financial analysis and returns. Activities at both Board and property levels. Assignment coming to close in 2013.
  • Starwood Capital Group
    President Director General And Managing Director
    Starwood Capital Group Jan 2004 - Dec 2010
    Us
    During my time with Starwood Capital Group, I wore multiple simultaneous hats: President Director General of Groupe du Louvre (a holding company for Champagne Taittinger, Baccarat Crystal, Concorde Hotel Group, Louvre Hotels and Annick Goutal perfumes; President of Starwood Capital Group (EMEA); and, Managing Director of Starwood Capital Group Global.My primary responsibilities revolved around principal investments, growth strategies, and operational excellence in several consumer-branded verticals: Hospitality, Leisure (gyms and health clubs), and Luxury Goods, including home goods (Baccarat), fragrance (Annick Goutal), and champagne (Taittinger). Some key achievements in these roles include:* Structured, negotiated, and led the process for the successful exit from Champagne Taittinger achieving a record-high sales price, a Euro 200+ million capital gain, and an IRR of ~ 200% after less than one year of ownership;* Developed the consumer, wholesale, and product strategy by which Annick Goutal's sales grew 100%+ in a challenging macro-environment, ultimately resulting in the sale of the company for 14x Starwood Capital's original investment and an IRR of 60%+.* Successfully initiated, led, and negotiated full management and incentive contracts for a $900 million Baccarat Hotel and Residences project in Dubai. Focused on transaction and relationship origination, deal and portfolio company management, and strategy and fund-raising in Europe and the Gulf nations.
  • Dresdner Kleinwort Wasserstein
    Managing Director
    Dresdner Kleinwort Wasserstein 2002 - 2003
    I had global responsibilities for the retail and apparel practices, both on the Merger and Acquisitions advisory and capital markets sides, and reporting to the Vice-Chairman. I joined DKW post-acquisition by Dresdner Bank. Post Allianz's subsequent acquisition of DKW, a change of strategy was implemented to push commercial banking products through the investment bank which changed the nature, challenges, and the fulfillment of my role.
  • Starwood Hotels & Resorts
    Senior Vice President, Global Corporate Development
    Starwood Hotels & Resorts 1998 - 2001
    Stamford, Ct, Us
  • Montgomery Securities
    Md, East Coast And International Consumer & Retail
    Montgomery Securities 1997 - 1998
    One of the first five employees to staff Montgomery's NYC office. Responsibilities included ALL consumer branded and retail clients on East Coast and internationally. I joined Montgomery for the culture and private partnership structure, both of which changed immutably 45 days after I joined when NationsBank acquired Montgomery. Built an 8 figure revenue business in the first year. NationsBank's strategy was contrary to the high value, high touch Montgomery culture and I decided that the altered demands on the treatment of both clients and my team were incompatible with my values and comfort level.
  • Lindsay Goldberg & Bessemer
    Principal
    Lindsay Goldberg & Bessemer 1995 - 1997
    Us
    Formerly Bessemer Partners. One of three principals. Completed three transactions: (1 and 2) in the disposable medical products areas. Bought and merged two bi-coastal companies with complementary product lines and integrated and streamlined management, operations and rationalized downstream staffs. Fully negotiated financing documents, created investment thesis and was a member of the Board of Directors. Companies sold to Tyco International for a 54% IRR. (3) Multi-lateral, highly complex investment in DirecTV's Latin America startup through a joint venture with one of DirecTV's original partners. Also, did detailed diligence on potential, ultimately not closed, transactions in the refrigerated shipping business as well as several IP-based retail transactions. Left Bessemer to return to branded consumer roots.
  • Lehman Brothers
    Associate, Merchandising Group
    Lehman Brothers 1992 - 1995
    Us

Russell Sternlicht Skills

Valuation Due Diligence Mergers Entrepreneurship Private Equity Investments Corporate Finance Corporate Development Equities Financial Analysis Financial Modeling Hotels International Business Investment Banking Mergers And Acquisitions Management Restructuring Strategic Partnerships Strategy Venture Capital Asset Management Business Planning Financial Structuring Portfolio Management Start Ups Strategic Planning Real Estate Business Strategy Business Development Capital Markets

Russell Sternlicht Education Details

  • Harvard University
    Harvard University
    Advanced Leadership Initiative Fellow
  • Harvard Business School
    Harvard Business School
    Master Of Business Administration (M.B.A.)
  • Brown University
    Brown University
    Art History
  • Westhill High School
    Westhill High School

Frequently Asked Questions about Russell Sternlicht

What company does Russell Sternlicht work for?

Russell Sternlicht works for .matter

What is Russell Sternlicht's role at the current company?

Russell Sternlicht's current role is Seasoned Business/Organizational Leader.

What is Russell Sternlicht's email address?

Russell Sternlicht's email address is rs****@****ail.com

What schools did Russell Sternlicht attend?

Russell Sternlicht attended Harvard University, Harvard Business School, Brown University, Westhill High School.

What skills is Russell Sternlicht known for?

Russell Sternlicht has skills like Valuation, Due Diligence, Mergers, Entrepreneurship, Private Equity, Investments, Corporate Finance, Corporate Development, Equities, Financial Analysis, Financial Modeling, Hotels.

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