 | |
| Industry | Retail |
|---|---|
| Founded | 2005 |
| Founder | Diana Harbour |
| Headquarters | Athens, Georgia |
| Products | Women's clothing |
| Revenue | US $14 million (2014) [1] |
| Website | www |
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]
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]
Dragons' Den is a reality television program format in which entrepreneurs pitch their business ideas to a panel of venture capitalists in the hope of securing investment finance from them. The program originated in 2001 in Japan, where it is known as The Tigers of Money, a pun on "The Tiger of Malaya", the nickname of WWII general Tomoyuki Yamashita. The format was created and is owned by Nippon TV and is distributed by Sony Pictures Television.
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