Name Robert Nourse | ||
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Education University of Western Ontario | ||
Robert E.M. Nourse is an entrepreneur and former President and CEO of The Bombay Company.
Nourse holds an MBA from the Richard Ivey School of Business (1964) and a DBA from Harvard Business School. After nine years as a professor at Ivey and after holding the position of Chairman of the MBA program, in 1976 he left academia to become a venture capitalist and an executive with Venturetek International Ltd.
Bob Nourse purchased The Bombay Company of Canada, which was a single store at the time, in 1979. The Bombay Company grew to 450 stores with net sales of US$317 million for 1994. Nourse guided The Bombay Company to its successful listing on the New York Stock Exchange in 1993. Later that year, Inc. Magazine voted him Entrepreneur of the Year, calling the firm "America's hottest company."
After a decline in sales, Nourse was fired as CEO of Bombay on September 5, 1996, with Chairman Carson Thompson attributing the change to "a culmination of a lack of performance over a period of time."