Gracious Home Gets New Management, Investors

June 19, 2015  by in Executive Changes, Industry   

The leadership team includes executives with retail, investment management and real estate experience who have purchased a majority ownership stake.

Dottie Mattison has been named CEO. 

From 2006-2010 she served in a variety of executive roles at Walmart, including senior vice president and general manager of the apparel global merchandising center and chief merchant of the company’s online business. Prior to joining Gracious Home, she was a senior managing director at Guggenheim Partners, a global investment management and advisory firm. While at Guggenheim, she also served as CEO of Prometheus Global Media.

David Mitchell has been named chairman. Mitchell is president of Mitchell Holdings, a New York-based investment and real estate development company. 

Mattison and Mitchell plan to invest in the future of Gracious Home. Initial plans include enhancing the customer service experience, as well as providing expanded resources for the design community. The duo also plans to expand the retailer’s e-commerce business, which has a national following and is a strong contributor to sales, growing by more than 50 percent in the past year.

“Being able to lead a strong, beloved consumer brand such as Gracious Home is a dream come true for me,” Mattison said. “No other company can compare with Gracious Home’s incredible breadth of merchandise, sophisticated sensibility and passionate, knowledgeable associates. Generations of New Yorkers have grown up with Gracious Home and have made it a part of their lives. As the luxury home market continues to thrive, we see many exciting opportunities to build on Gracious Home’s devotion to quality, exquisite taste and exceptional service.”