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{{short description|Women's clothing store}}
{{Infobox company
{{Infobox company
| name = Red Dress Boutique
| name = Red Dress Boutique
| logo = File:Red Dress Boutique logo.png
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| industry = [[Retail]]
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| predecessor = <!-- or: | predecessors = -->
| fate =
| predecessor = <!-- or: | predecessors = -->
| successor = <!-- or: | successors = -->
| successor = <!-- or: | successors = -->
| founded = 2005
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| founder = Diana Harbour
| founded = 2005
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| defunct = <!-- {{End date|YYYY|MM|DD}} -->
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| founder = Diana Harbour
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| hq_location = [[Athens, Georgia]]
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| defunct = <!-- {{End date|YYYY|MM|DD}} -->
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| hq_location_city =
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| hq_location = [[Athens, Georgia]]
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| products = [[Clothing|Women's clothing]]
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| production_year = <!-- Year of production data (if known) -->
| production_year = <!-- Year of production data (if known) -->
| services =
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| revenue = US $14 million (2014)<ref>{{Cite web|url=https://www.onlineathens.com/article/20150124/NEWS/301249998|title=Red Dress founder named a 2015 Enterprising Woman of the Year|website=Athens Banner-Herald}}</ref>
| revenue =
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| ratio = <!-- Basel III ratio, for BANKS ONLY -->
| ratio = <!-- Basel III ratio, for BANKS ONLY -->
| rating = <!-- credit rating, for BANKS ONLY -->
| rating = <!-- credit rating, for BANKS ONLY -->
| website = {{URL|https://www.reddressboutique.com/}}
| website = {{URL|https://www.reddressboutique.com/}}
| footnotes =
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}}
}}


'''Red Dress Boutique''' is a woman's [[clothing]] store located in [[Athens, Georgia]] which also sells retail online. It appeared on Season 6 of [[Shark Tank]] where it received a $1.2 investment.
'''Red Dress Boutique''' is a women's [[clothing]] store located in [[Athens, Georgia]] which also sells retail online. It appeared on Season 6 of [[Shark Tank]] where it was offered a $1.2 million investment.<ref>{{Cite web|url=https://allsharktankproducts.com/shark-tank-products-fashion/red-dress-boutique/|title=Red Dress Boutique|date=October 17, 2014|website=Shark Tank Products}}</ref>


==History==
==History==


Red Dress Boutique was founded by Diana Harbour in 2005.<ref name="LedgerEnquirer">{{cite news|last1=Adams|first1=Tony|title=Columbus natives secure major investment from ‘Shark Tank’|url=http://www.ledger-enquirer.com/news/business/article29353615.html|accessdate=27 January 2018|publisher=Ledger-Enquirer|date=18 October 2014}}</ref> During her college years at [[Columbus State University]], she grew a love for small clothing stores while working at three different boutiques.<ref name="RedAndBlack">{{cite news|last1=Wahn|first1=Megan|title=Rags to riches: Red Dress Boutique owner Diana Harbour grew her business from the ground up|url=https://www.redandblack.com/culture/rags-to-riches-red-dress-boutique-owner-diana-harbour-grew/article_3da7105a-4efb-11e7-808b-3b7bb7856872.html|accessdate=27 January 2018|publisher=Red and Black|date=21 June 2017}}</ref> She opened her first boutique in downtown [[Athens, Georgia]] due to it having small local businesses and a lack of chain stores.<ref name="RedAndBlack"/> A second Red Dress Boutique location was opened but later closed along with the company's eBay business.<ref name="FastCompany">{{cite news|last1=Dishman|first1=Lydia|title=“Social Media Doesn’t Sleep”: How This Local Shop Cranked Sales From $63K To $7 Million|url=https://www.fastcompany.com/3027240/social-media-doesnt-sleep-how-this-local-shop-cranked-sales-from-63k-to-7|accessdate=27 January 2018|publisher=Fast Company|date=7 March 2014}}</ref> The company launched an eCommerce site in 2012.<ref name="RedAndBlack"/> In 2014, the company did $15 million in online sales.<ref name="OnlineAthens">{{cite news|last1=Butschek|first1=Hilary|title=Red Dress Boutique turns 10, expands to offer home decor|url=http://onlineathens.com/features-business-mobile/2015-09-20/red-dress-boutique-turns-10-expands-offer-home-decor#|accessdate=27 January 2018|publisher=Online Athens|date=20 September 2015}}</ref>
Red Dress Boutique was founded by Diana Harbour in 2005.<ref name="LedgerEnquirer">{{cite news|last1=Adams|first1=Tony|title=Columbus natives secure major investment from 'Shark Tank'|url=http://www.ledger-enquirer.com/news/business/article29353615.html|accessdate=27 January 2018|publisher=Ledger-Enquirer|date=18 October 2014}}</ref> During her college years at [[Columbus State University]], she grew to love small fashion boutiques while working at three small clothing shops.<ref name="RedAndBlack">{{cite news|last1=Wahn|first1=Megan|date=21 June 2017|title=Rags to riches: Red Dress Boutique owner Diana Harbour grew her business from the ground up|publisher=Red and Black|url=https://www.redandblack.com/culture/rags-to-riches-red-dress-boutique-owner-diana-harbour-grew/article_3da7105a-4efb-11e7-808b-3b7bb7856872.html|accessdate=27 January 2018}}</ref> She opened her first boutique on Baxter street in [[Athens, Georgia]] because of the area's thriving local business scene and lack of chain stores.<ref name="RedAndBlack"/> A second Red Dress Boutique location followed but later closed.<ref name="FastCompany">{{cite news|last1=Dishman|first1=Lydia|title="Social Media Doesn't Sleep": How This Local Shop Cranked Sales From $63K To $7 Million|url=https://www.fastcompany.com/3027240/social-media-doesnt-sleep-how-this-local-shop-cranked-sales-from-63k-to-7|accessdate=27 January 2018|publisher=Fast Company|date=7 March 2014}}</ref> An eCommerce site launched on December 6, 2009.<ref name="RedAndBlack"/> In 2014, the company made $15 million in online sales.<ref name="OnlineAthens">{{cite news|last1=Butschek|first1=Hilary|title=Red Dress Boutique turns 10, expands to offer home decor|url=http://onlineathens.com/features-business-mobile/2015-09-20/red-dress-boutique-turns-10-expands-offer-home-decor#|accessdate=27 January 2018|publisher=Online Athens|date=20 September 2015}}</ref>


The company was on Season 6 of Shark Tank where [[Mark Cuban]] and [[Robert Herjavec]] split a $1.2 million investment in exchange for 10% equity in the company.<ref name="BusinessInsider">{{cite news|last1=Feloni|first1=Richard|title=The 15 Biggest 'Shark Tank' Success Stories of All Time|url=http://www.businessinsider.com/the-biggest-shark-tank-success-stories-2015-12|accessdate=27 January 2018|publisher=Business Insider|date=15 December 2015}}</ref>
The company appeared on Season 6 of Shark Tank where [[Mark Cuban]] and [[Robert Herjavec]] split a $1.2 million investment in exchange for 20% equity in the company.<ref name="BusinessInsider">{{cite news|last1=Feloni|first1=Richard|title=The 15 Biggest 'Shark Tank' Success Stories of All Time|url=http://www.businessinsider.com/the-biggest-shark-tank-success-stories-2015-12|accessdate=27 January 2018|publisher=Business Insider|date=15 December 2015}}</ref>

Diana Harbour bought back her equity from Mark Cuban on January 17, 2019. The news was made public on their Instagram feed. It was not disclosed what the purchase amount was for the buyback.<ref>{{Cite web|url=https://www.instagram.com/p/Bsv5QMcHw7P/ |archive-url=https://ghostarchive.org/iarchive/instagram/shopreddress/1959036164448915151 |archive-date=2021-12-25 |url-access=registration|title=Red Dress on Instagram: "This is the face of a happy girl. Why? Because as of THIS MOMENT I own all of my company again! My present to myself for 2019 was to buy…"|website=Instagram|language=en|access-date=2019-01-19}}{{cbignore}}</ref>


== References ==
== References ==
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* [https://www.reddressboutique.com/ Official website]
* [https://www.reddressboutique.com/ Official website]


{{Athens, Georgia}}
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{{retail-company-stub}}


[[Category:Companies established in 2005]]
[[Category:Retail companies established in 2005]]
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[[Category:Retail companies of the United States]]
[[Category:Clothing retailers of the United States]]
[[Category:Clothing retailers of the United States]]
[[Category:Companies based in Athens, Georgia]]
[[Category:2005 establishments in Georgia (U.S. state)]]
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[[Category:Clothing companies established in 2005]]
[[Category:Shark Tank]]


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{{retail-company-stub}}

Latest revision as of 11:15, 24 September 2024

Red Dress Boutique
IndustryRetail
Founded2005
FounderDiana Harbour
HeadquartersAthens, Georgia
ProductsWomen's clothing
RevenueUS $14 million (2014)[1]
Websitewww.reddressboutique.com

Red Dress Boutique is a women's clothing store located in Athens, Georgia which also sells retail online. It appeared on Season 6 of Shark Tank where it was offered a $1.2 million investment.[2]

History

[edit]

Red Dress Boutique was founded by Diana Harbour in 2005.[3] During her college years at Columbus State University, she grew to love small fashion boutiques while working at three small clothing shops.[4] She opened her first boutique on Baxter street in Athens, Georgia because of the area's thriving local business scene and lack of chain stores.[4] A second Red Dress Boutique location followed but later closed.[5] An eCommerce site launched on December 6, 2009.[4] In 2014, the company made $15 million in online sales.[6]

The company appeared on Season 6 of Shark Tank where Mark Cuban and Robert Herjavec split a $1.2 million investment in exchange for 20% equity in the company.[7]

Diana Harbour bought back her equity from Mark Cuban on January 17, 2019. The news was made public on their Instagram feed. It was not disclosed what the purchase amount was for the buyback.[8]

References

[edit]
  1. ^ "Red Dress founder named a 2015 Enterprising Woman of the Year". Athens Banner-Herald.
  2. ^ "Red Dress Boutique". Shark Tank Products. October 17, 2014.
  3. ^ Adams, Tony (18 October 2014). "Columbus natives secure major investment from 'Shark Tank'". Ledger-Enquirer. Retrieved 27 January 2018.
  4. ^ a b c Wahn, Megan (21 June 2017). "Rags to riches: Red Dress Boutique owner Diana Harbour grew her business from the ground up". Red and Black. Retrieved 27 January 2018.
  5. ^ Dishman, Lydia (7 March 2014). ""Social Media Doesn't Sleep": How This Local Shop Cranked Sales From $63K To $7 Million". Fast Company. Retrieved 27 January 2018.
  6. ^ Butschek, Hilary (20 September 2015). "Red Dress Boutique turns 10, expands to offer home decor". Online Athens. Retrieved 27 January 2018.
  7. ^ Feloni, Richard (15 December 2015). "The 15 Biggest 'Shark Tank' Success Stories of All Time". Business Insider. Retrieved 27 January 2018.
  8. ^ "Red Dress on Instagram: "This is the face of a happy girl. Why? Because as of THIS MOMENT I own all of my company again! My present to myself for 2019 was to buy…"". Instagram. Archived from the original on 2021-12-25. Retrieved 2019-01-19.
[edit]


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