Lillian Vernon Biography

Lillian Vernon (born 18 March 1927) is an American businesswoman, entrepreneur, and philanthropist. She founded the Lillian Vernon Corporation in 1951 and served as its chairman and CEO until July 1989, though she continued to serve as executive chairman until 2003, when the company was taken private by Zelnick Media. When it went public in 1987, Lillian Vernon Corporation was the first company traded on the American Stock Exchange founded by a woman. New York University's Lillian Vernon Writers House is named after her and houses the University's prestigious creative writing program.

Early life

Lillian Vernon was born Lilli Menasche in Leipzig, Germany in 1927 to Erna Feiner Menasche and Herman Menasche, a successful dry goods merchant. (She later changed her name to Vernon, borrowing it from Mt. Vernon, New York, where she settled with her first husband Samuel Hochberg.) In 1933, Vernon fled Nazi Germany with her family to Amsterdam. As the political situation in the Netherlands destabilized, the family emigrated to the United States in 1937.

Taking up residence in New York City, her father, Herman Menasche, sold lingerie and later started a manufacturing company that specialized in leather goods, many of which were designed by Vernon. Vernon became a U.S. citizen in 1942. Vernon's brother, Fred Menasche, later enlisted in the Medical Corps of the U.S. Army and she joined a Woman's Auxiliary Canteen in support of the war effort. Fred Menansche, serving in Normandy, was killed in a grenade attack.

Vernon attended New York University from 1947 to 1949. In 1949, Vernon married Samuel Hochberg, who worked in his parents' women's clothing store. To supplement their family income, Vernon started a mail order service from the kitchen of her Mt. Vernon home. She named the service the Vernon Specialties Company.

Career

The Lillian Vernon Corporation

At the age of twenty-four, using her combined wedding gifts, Vernon invested $2,000 in the business and placed her first advertisement in Seventeen magazine for personalized purses and belts. She received an overwhelming response and her business was launched. In the first years, the size of the business was limited to Vernon and her kitchen table, where she sorted and filled orders. The Vernon Specialties Company focused primarily on products for young women, advertising in magazines focused on that emergent market. In the late 1950s and early 1960s, Vernon and Hochberg began to create their own jewelry, which they sold through the catalog. One particularly successful product, a magnetized bobby pin cup, attracted the interest of Revlon in 1962. Revlon offered them a distribution contract shortly thereafter. Other cosmetics companies like Elizabeth Arden, Max Factor, and Maybelline followed suit.

In 1969, Hochberg and Vernon divorced and split the company, with Hochberg taking over the wholesale division and Vernon continuing the catalog. In the 1970s, the company began to retool its strategy to draw from, and sell to, a global market. Lillian Vernon began to travel to European trade fairs in an effort to expand the catalog's offerings to include European products. In 1980, Lillian Vernon was one of the first American merchants to travel the China after President Nixon's 1972 visit. In order to expand her brand, Vernon started The New Company, a brass manufacturer, and Provender, the Lillian Vernon Company's wholesale division, which sold Lillian Vernon brand toiletries and kitchen supplies.

The Lillian Vernon Corporation, founded in 1965, went public in 1987, making her the first woman to found a company publicly traded on the American Stock Exchange. The Lillian Vernon Catalog, which the company launched in 1956, became an iconic shopping resource for American women, much like its competitor, the Sears catalog. Produced monthly, the catalog was typically 120 pages and usually featured 750 items. In response to a catalog and shopping mall boom in the United States in the 1980s, the company produced a number of specialty to catalogs in order to broaden its market, including ones targeted for children and homemakers.

Responding to the increasingly important online market in the early 1990s, the Lillian Vernon Corporation opened a storefront on AOL in 1995 and followed with an online catalog and website. However, by the end of the 1990s, the company began to struggle to meet online needs, especially after the collapse of the Dot-com bubble. After Fred and David Hochberg both declined to take over running the company, Vernon sold it to Zelnick Media in 2003, but retained the symbolic title of non-executive chairman. The company has since changed hands a number of times. it is owned by the Taylor Corporation.

Later career

In 1997, Vernon was appointed to head President Bill Clinton's White House National Business Women's Council, which she became the chairwoman of for many years. She was the first member of the American Business Conference. She has been a strong supporter of the Democratic Party for many years, supporting the presidential campaigns of President Clinton, President Barack Obama, and Hillary Clinton, among others. She has also supported the Democratic National Committee, Emily's List, and the Women's Campaign Fund.

The Lillian Vernon Writers House

Having served on the Board of NYU for many years, Lillian Vernon donated to the university for the creation of the Lillian Vernon Writers House in the West Village, the home of the university's prestigious creative writing program. In addition to hosting the offices of the program, the house has served as "a vibrant New York literary landmark known for its lively readings and salons." The House hosts classes, workshops, master classes by visiting writers as well as readings and book launches. Since 2007, the Lillian Vernon Writers House has hosted the release readings of NYU's literary journal Washington Square. It has also hosted a variety of writers, including CAConrad, Mary Ruefle, Colm Tóibín Jorie Graham, Charles Simic, and countless others.

Philanthropic work

During and after her time at the Lillian Vernon Corporation, Lillian Vernon served on the board of a number of organizations, iincluding Lincoln Center, the American Friends of the Israel Philharmonic Orchestra, Citymeals-on-Wheels, New York University. Both the company and Ms Vernon were widely known for their generosity to civic and non-profit organizations. Recipients of these donations included the U.S. Marine Toys for Tots Foundation, Literacy Volunteers of America and a number of other charities. She founded the Lillian Vernon Foundation, a charitable organization that supports organizations in New York City and around the country, including Citymeals-on-Wheels. In 2011, Vernon was honored with the project Sunshine Award for Philanthropic Leadership. Vernon was an early champion for women's rights in the workplace. The Women's Enterprise Center created the Lillian Vernon Award, which is awarded to enterprising women who have served their community, in honor of Vernon's support of women's rights.

Awards

In 1998, Lillian Vernon, a life-long resident of Connecticut, was inducted into the Connecticut Women's Hall of Fame. She has also been inducted the Direct Marketing Association Hall of Fame. She was awarded the Ellis Island Medal of Honor, The Walter Nichols Award, Ed Diskin Award for Direct Marketing, the Sir Harold Acton Award, the Big Brother/Big Sisters National Heros Award, and the Gannett Newspapers Business Leadership Award.

Vernon has received honorary degrees from NYU, Bryant College, and the College of New Rochelle.

Personal life

For many years, Lillian Vernon has lived in New York City with her husband, Paolo Martino. They married on June 24, 1998. She has two children (with Samuel Hochberg), David and Fred Hochberg. Since 2009, Fred Hochberg has been the president and chairman of Export-Import Bank of the United States. Hochberg's partner, Tom Healy, is the Chairman of the Fulbright Program.

Popular culture

Several well-known actors began their careers as Lillian Vernon models including Jason Biggs, Monica Potter, and Marla Maples. The company was the inspiration for MADtv's The Lillian Verner Game Show, which was a regular game show skit that featured contestants competing for spoof Lillian Vernon products. Lillian Vernon is also referenced in John Cameron Mitchell's musical Hedwig and the Angry Inch in the song "Sugar Daddy."