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Nambé’s executive team – all of whom joined the
company within the last year – are eager to spread the word that the 57-year-old
Santa Fe producer is virtually a new enterprise, but one which capitalizes on
the many strengths for which this tried-and-true supplier is known. Form as
function, less is more – Nambe design signatures on metal giftware – have now
been carried over to crystal, porcelain, and flatware making Nambé for the first
time in its history a total tabletop resource.
Robert Varakian, appointed president and CEO last year, is a longtime admirer
and, thus, thrilled to be helping in the renaissance. “I always viewed Nambé as
the gold standard in design and quality,” says Varakian. The chief exec’s
extensive history on both sides of the housewares aisle place him on the perch
of a tsunami of product development and rebranding initiatives. “This is all
about establishing Nambé as a tabletop company in addition to an already
established giftware company,” he says.
Certainly a ballsy move when most tabletop suppliers are looking to do precisely
the opposite.
“We’re excited about the opportunity of moving into tabletop,” Varakian
counters. “This is a great time for us to bring tabletop products to market that
fill a niche, that have that Nambé aesthetic.” This past year, for example,
Nambé entered the flatware arena with a significant 27-pattern statement. The
flatware launch followed the brand’s arrival in crystal, 1998, and porcelain,
2003. (Moving ahead those two categories will be much better developed.) It’s
been an enormously ambitious year. “In the last 12 months we devised a growth
strategy for product development, cut expenses, developed a long-term marketing
strategy, and put in the right management team,” pronounces Varakian,
essentially a tabletop newcomer, but with extensive housewares experience. (Varakian
held positions at JCPenney, Ekco, Catalina Lighting, and Kamenstein.) His
cohorts are established tabletop veterans. Matt Jones joined on as V.P. of sales
after similar stints at Wedgwood and Lenox. Jim Eggers, the company’s V.P. of
marketing, racked up years at IKEA and Pottery Barn sourcing and developing
product. “We’re all pleased to be associated with this brand and we have a great
deal of things planned,” Eggers acknowledges. “The family has high expectations
for Nambé.”
That family would be the Hillenbrands, who in addition to Nambé are majority
shareholders in the multibillion-dollar Hillenbrand Industries, the
Indiana-based, publicly-traded enterprise in the health care and funeral service
industries. In 1981, John Hillenbrand II purchased Nambé, then not even a
million-dollar operation. The family still maintains an active and hands-on
role, says Hillenbrand’s son Dan, chairman of the board. (His father, brother
John III, and brother-in-law Jim Weyhrauch serve on the board of directors.) The
family are all bullish on this prized holding. “Nambé has never been a
follower,” he assures, “and we aim to keep it that way.”
That’s why, Hillenbrand continues, the company is solidly forging into tabletop
at a time when others are fleeing. “Tabletop is a natural fit for us,” he says.
“We’re not placing limits on where we will go. There is supportive ownership,
resources, talent, and a desire so the plan is to make Nambé as large and as
profitable as we can.” Growth will be organic, interjects Varakian. “We’re
gradually taking steps from our core,” Varakian proffers. “This way the customer
follows us naturally. We plan to grow both tabletop and giftware and we will be
more aggressive in product development than we have in the past.”
Nambé, for many years, rode its own coattails. Its signature organic, sensual,
curvy, clean seven-alloy cocktail – on bowls, vases, platters, and candleholders
– has been a stock-in-trade since 1951. The company rarely ventured beyond this
lucrative, but confining comfort zone. In fact, Nambé’s assortments over the
years looked remarkably similar to the ones that were first sold at a roadside
stand by founder Pauline Cable. The erstwhile Ohio debutante was living outside
Santa Fe when she discovered a faltering foundry on an Indian reservation whose
products she bought and hawked from the side of a road. (Fun fact: The original
Nambé alloy was created in the 1940s just up the road at the Los Alamos National
Laboratory where the atomic bomb was developed.)
continued . . . .
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