Alec Gores has made great things happen in his life. Many great dreams appear to have come true. He started with nothing, and now he is a billionaire. His company, Gores Group, LLC., has a knack for taking underperforming companies and making them profitable. And it’s not just profit that he accomplishes, with his group he makes companies better, employees happier, and customers more satisfied.
Gores Group, LLC.’s recent acquisition of the Mexx clothing label, from Liz Claiborne, is another entry for them into the fashion industry. They can be expected to make good things come of this, as they have with their J. Mendel fashion line. Perhaps his daughter, Rochelle Gores Fredston, is a guiding source for them in this area. After all, she has a successful clothing line of her own, the Arcade Boutique, along with a must-see retail store on Melrose Avenue in Los Angeles.
I like Alec’s desire to find out what employees want and need, and then to do something about it. His group seems to find a way to keep employees happy, and more productive. I also like his emphasis on customers; finding out what they want, and then letting that guide what the business does and doesn’t do. Keep the employees and customers happy.
Alec Gores and Gores Group, LLC. follows Seven Steps principles. They make choices, take risks, and learn from their mistakes. They have big dreams, goals, use their imagination, creativity, and then act. They believe in themselves, their talents and abilities, appear to have a genuine love for others, and know the value of an honest accounting. I see good things in their future.
Source: “Alec Gores Pictures – J. Mendel Spring 2012 Fashion Show,” Zimbio, 9/13/11
Source: “Liz Claiborne cleans closet with Mexx sale,” NYPOST.com, 9/3/11