Norman S. Matthews Named to Board of Advisors of Gordon Brothers Group

Press Release
BOSTON — Norman S. Matthews, an independent business consultant and former President of Federated Department Stores, was named to the Board of Advisors of Gordon Brothers Group, effective February 1, 2005.

Mr. Matthews is a distinguished business leader with over three decades of experience in marketing and merchandising disciplines. As the former President of Federated, Mr. Matthews led one of America’s leading department store chains with over 450 stores in 34 states.

“As we continue to expand our financial, operating and advisory services worldwide, Norman will provide invaluable guidance on the needs of the retail community,” said Mark J. Schwartz, Chief Executive Officer of Gordon Brothers Group. “We look forward to leveraging Norman’s exceptional expertise in retail operations, marketing and strategy.”

“We are thrilled to have Norman on our Board of Advisors,” added Michael G. Frieze, Gordon Brothers Groups’ Chairman. “Our clients and our associates will greatly benefit from the guidance of one of today’s most respected business minds.”

Mr. Matthews currently serves on the Board of Directors of several companies including Toys R Us, The Progressive Corporation, Sunoco, Eye Care Centers of America, Finlay Fine Jewelry, Henry Schein, Inc, Levitz, and SmartBargains. He is also a Trustee of the American Museum of Natural History. Mr. Matthews received a Bachelor of Arts degree from Princeton University and a Masters degree in Business Administration from Harvard Business School.

About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group, LLC (www.gordonbrothers.com) provides global advisory, operating and financial services to companies at times of growth or restructuring. Gordon Brothers Group appraises, acquires and sells a wide range of assets, including inventory, real estate, commercial and industrial assets, accounts receivable and intellectual property. During the past three years, Gordon Brothers Group appraised over $100 billion of assets and acquired and/or sold over $12 billion worth of assets. The firm also facilitates mergers and acquisitions with strategic partners and provides debt and equity capital to the consumer products marketplace. The firm is headquartered in Boston and maintains 20 offices worldwide.