Dubbed Orvis/Cushman & Wakefield and anchored in Colorado Springs, the new venture will be helmed by John B. Watson, who comes on as president and CEO. In addition to tapping three independent board members, three members will be selected from each company.
Orvis, founded in 1856, is a sporting-goods retail operation with a 500-dealer worldwide network, 29 dealers in the states and a 50-million-issue annual catalog business. The firm is also a major contributor to land conservancy. The intention apparently is to tap into the Orvis network of product buyers as real estate investment prospects.
Not surprisingly, the folks of both firms are praising the new structure as innovative. "Orvis/Cushman & Wakefield will revolutionize the way people buy and sell ranch and recreational properties," says Orvis EVP Executive Vice President Dave David D. Perkins.Watson adds that Orvis brings "a wide array of customer touch points, direct mail, retail stores and e-commerce, by which to foster brand recognition and promote and market properties."
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