Red Dress Shark Tank Net Worth (Before and After Shark Tank)

Red Dress Boutique is a popular online women’s fashion retailer founded by Diana and Josh Harbour in 2005. As of September 2023, the net worth of Red Dress Boutique is estimated to be $29 million, with an annual sales revenue of $7.5 million. The company made a deal on season 6 of Shark Tank with Mark Cuban and Robert Herjavec, securing $1.2 million for a 20% equity stake. The final valuation of Red Dress Boutique was $6 million, lower than the founder’s initial estimate of $12 million. The founders, Diana and Josh Harbour, have successfully built a thriving business and have a net worth of $26 million as of 2023. Red Dress Boutique employs 110 people and continues to offer a wide range of modern, affordable women’s fashions.

Key Takeaways:

• Red Dress Boutique’s net worth is estimated to be $29 million as of September 2023.
• The company secured a deal on Shark Tank, receiving $1.2 million for a 20% equity stake.
• Red Dress Boutique’s valuation after Shark Tank was $6 million.
• The founders, Diana and Josh Harbour, have a net worth of $26 million as of 2023.
• The company employs 110 people and offers a wide range of modern, affordable women’s fashions.

Red Dress Boutique Founders and Pitch on Shark Tank

Red Dress Boutique was founded by Diana and Josh Harbour in the year 2005. Diana, a successful entrepreneur and fashion enthusiast, is passionate about providing affordable and stylish clothing options for women. Josh, a business consultant, takes care of the financial operations of the company.

The couple appeared on season 6 of Shark Tank in October 2014, seeking an investment of $600,000 for a 5% equity stake in their business. They described Red Dress Boutique as a modern and affordable way for women to be fashionable. Mark Cuban and Robert Herjavec were impressed by the company’s growth and offered a deal of $1.2 million for a 20% equity stake. The founders accepted this offer, and the exposure from Shark Tank helped the company achieve even greater success.

Table: Red Dress Boutique Founders and Shark Tank Pitch

Founders	Pitch Details
Diana and Josh Harbour	Sought $600,000 for 5% equity
Mark Cuban and Robert Herjavec	Offered $1.2 million for 20% equity

The pitch on Shark Tank not only secured the necessary funding but also provided Red Dress Boutique with invaluable exposure to a wider audience. The investment from Cuban and Herjavec allowed the company to further expand its product offerings and reach new customers.

With the guidance and support of their Shark Tank investors, Diana and Josh Harbour have successfully navigated the challenges of scaling their business and have transformed Red Dress Boutique into a household name in the fashion industry. Today, Red Dress Boutique continues to thrive, offering trendy and affordable clothing options for women all over the country.

Red Dress Boutique Success and Accomplishments

Since its appearance on Shark Tank, Red Dress Boutique has achieved remarkable success and accomplished several significant milestones in the fashion industry. The company’s dedication to providing modern and affordable women’s fashion has resonated with customers, leading to a strong and loyal customer base.

The following are some of Red Dress Boutique’s notable accomplishments:

• In 2014, the year of their Shark Tank appearance, Red Dress Boutique achieved lifetime sales of $15 million, showcasing the company’s rapid growth and popularity.
• Continuing their upward trajectory, Red Dress Boutique recorded annual sales of $7.5 million in 2022, highlighting their consistent revenue stream and sustained success.
• In 2021, the Atlanta Journal-Constitution recognized Red Dress Boutique as one of the “Best Places to Work,” reflecting the company’s commitment to fostering a positive and rewarding work environment.
• Expanding their offerings, Red Dress Boutique launched their own line of swimwear in 2022, providing their customers with even more stylish and affordable fashion choices.

These accomplishments demonstrate Red Dress Boutique’s ability to adapt to market trends, maintain a strong brand presence, and consistently meet the fashion needs of their customers.

Year	Sales Revenue	Award
2014	$15 million	–
2022	$7.5 million	–
2021	–	“Best Places to Work” by the Atlanta Journal-Constitution
2022	–	Launch of swimwear line

Red Dress Boutique’s continued success and accomplishments are a testament to the founders’ vision and the hard work of their dedicated team. With a focus on delivering affordable yet stylish fashion options, Red Dress Boutique remains a trusted and beloved brand among fashion-conscious individuals.

Red Dress Boutique Post-Shark Tank Updates and Future Plans

After our appearance on Shark Tank, Red Dress Boutique experienced an incredible surge in sales, generating over $1 million within just six days. However, the overwhelming demand caused our website to crash. Determined to provide a seamless shopping experience for our customers, we took the advice of our investor, Mark Cuban, and decided to revamp our website.

Since then, we have continued to thrive and grow. In 2015, our revenue reached a record-breaking $14 million, a testament to the power of Shark Tank and our dedicated team. In addition to our online presence, we expanded our business by opening a physical store called Fringe in Athens, Georgia, offering our customers a unique and immersive shopping experience.

Looking ahead, we have exciting plans for the future. As the sole owner of the business, I, Diana Harbour, am committed to further expanding our product offerings and strengthening our online presence. We aim to provide our customers with an even wider range of fashionable and affordable clothing options, staying true to the values that have made Red Dress Boutique a trusted name in the industry.