Barbara Bradley Baekgaard

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Barbara Bradley Baekgaard (born 1939) is the co-founder, designer, and former Chief Creative Officer of Vera Bradley. [1]

Contents

Biography

Barbara Bradley Baekgaard grew up in Miami Beach, Florida. Her first business was a poler-hanging company. [2] Her husband was the owner of a bag company, Baekgaard, which Barbara Bradley Baekgaard managed after he died. [3]

In 1982, Baekgaard and neighbor Patricia Miller were traveling together. They noticed how similar women's travel bags looked and wished they had bags to match their own fun and colorful style. They each borrowed $250 and started making handbags out of high-quality cotton in Baekgaard's basement in Fort Wayne, Indiana, [4] on a ping-pong table. [5] Their business became Vera Bradley, an hommage to Barbara Bradley Baekgaard's mother. [6] Within 3 years of business, the sales of the company reached $1 million. [7]

At the time, the bags seemed like they wouldn't amount to much more than a hobby, as Baekgaard hadn't been in the workforce before. To learn about accounting and other financial aspects of running a business, she and Miller went to SCORE, [8] a nonprofit that provides free business mentoring services to small-business owners. Thanks to that formation, Baekgaard, and Miller would officially launch a handbag and luggage company. [9] [4]

Baekgaard founded the Vera Bradley Foundation for Breast Cancer in 1993 after the loss of her dear friend. [10] [ third-party source needed ] In 2010, the year Vera Bradley went public, [11] [12] Barbara Bradley Baekgaard became Chief Creative Officer of Vera Bradley. [13]

In August 2017, she stepped down as Chief Creative Officer of Vera Bradley, succeeded by Beatrice Mac Cabe, but remained active with the Vera Bradley Foundation for Breast Cancer. [14] In 2020, she partnered with Provenance Hotels to open The Bradley hotel in Fort Wayne, which she co-owns. [15] [16] She had already ventured in the hotel business with the Inn by the Sea in Seaside, Florida, which sold it in 2013. [17]

Publications

Awards

Personal life

Baekgaard married right after college and had four children in five years. Because of her husband's job, the family moved often. She never had the chance to pursue her passion for entrepreneurship before her 40s. Her husband was of Danish descent. She owns a family house on Lake Gage in Northern Indiana. [2] She lives in Indiana and New York City.

In 2020, Forbes estimated her wealth to be around $210 million. Barbara Bradley Baekgaard owns 7% of the shares of Vera Bradley. [5]

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References

  1. ↑ "Bloomberg - Barbara Bradley Baekgaard". www.bloomberg.com. Retrieved October 27, 2019.{{cite web}}: CS1 maint: url-status (link)
  2. 1 2 "Home Of The Month: The Vera Bradley Lake House". Indianapolis Monthly. June 27, 2019. Retrieved May 13, 2021.
  3. ↑ "Cheap and Chic of the Week: Danish Delights". Lacquered Life. February 17, 2010. Retrieved May 13, 2021.{{cite web}}: CS1 maint: url-status (link)
  4. 1 2 "Secrets of Wealthy Women: Barbara Bradley Baekgaard on Becoming a Self-Made Millionaire". Wall Street Journal. December 19, 2018. Retrieved October 27, 2019.
  5. 1 2 3 "Barbara Bradley Baekgaard". Forbes. Retrieved October 27, 2019.
  6. ↑ "ABOUT VERA BRADLEY".{{cite web}}: CS1 maint: url-status (link)
  7. 1 2 "Archives 2009 - Hoosier History Live". hoosierhistorylive.org. Retrieved May 13, 2021.
  8. ↑ "Barbara Bradley Baekgaard". Texas Conference for Women. Retrieved October 27, 2019.
  9. ↑ "Who's That Designer? Barbara Bradley Baekgaard for Vera Bradley". College Fashion. December 20, 2011. Retrieved October 27, 2019.
  10. ↑ "Vera Bradley Foundation for Breast Cancer". www.verabradley.org. Retrieved October 27, 2019.
  11. ↑ "Form S-1". www.sec.gov. Retrieved May 13, 2021.
  12. ↑ Young, Vicki M. (October 22, 2010). "Vera Bradley IPO Raises $176 Million". WWD. Retrieved May 13, 2021.{{cite web}}: CS1 maint: url-status (link)
  13. 1 2 3 Schawbel, Dan. "Barbara Bradley Baekgaard: What She Learned On Her Journey To The Top of Retail". Forbes. Retrieved May 13, 2021.
  14. ↑ "Bradley Baekgaard reducing role with Vera Bradley". WANE 15. August 31, 2017. Retrieved May 13, 2021.
  15. ↑ "Provenance Hotels Pairs With Vera Bradley Icon to Open Boutique Hotel". Hotel Business. August 25, 2020. Retrieved May 13, 2021.
  16. ↑ "Ground broken on new 'boutique' hotel; to open in late 2020". news-sentinel.com/. Retrieved May 13, 2021.
  17. ↑ "Barbara Baekgaard Isn't Even Close To Finished Yet". Indianapolis Monthly. April 4, 2021. Retrieved May 13, 2021.
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