Ruby Ribbon
Fashion commerce company that manufactures and markets apparel, leveraging social technology and direct-sale tactics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
$7.5m | Series C | ||
| Total Funding | 000k | ||
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Ruby Ribbon, Inc. operates within the direct-to-consumer apparel market, focusing on shapewear, intimates, and athleisure for women. The company was established in 2011 by Anna Zornosa, who drew upon her extensive experience in the technology sector to build a brand centered on female empowerment. Zornosa, a Harvard Business School graduate, previously held leadership roles at companies like the Knight Ridder newspaper chain and Yahoo!, experiences which informed her approach to building a direct-selling enterprise. Recognizing a gap in the market for comfortable and effective shapewear that did not rely on underwires, she launched the company with its signature Cami product.
The company's business model is rooted in social commerce, leveraging a network of independent stylists who sell products directly to consumers through in-person and virtual trunk shows. This multi-level marketing structure provides a flexible entrepreneurial opportunity for its sellers, who earn commissions on their sales and on the sales of stylists they recruit. Revenue is generated primarily through the sale of these apparel products via its network of stylists. The target clientele consists of women seeking comfortable alternatives to traditional bras and shapewear, with the company offering a wide range of sizes to promote inclusivity.
Ruby Ribbon's core product line revolves around its patented compression fabric technology, which is designed to provide support and shaping without the use of underwires. A key offering is the "Cami," a foundational garment intended to replace a traditional bra and offer a smoother silhouette. The product portfolio has since expanded to include a variety of intimates, swimwear, and athleisure wear, all designed with the central tenets of comfort and confidence. The primary benefit for the consumer is the combination of wire-free support and shaping, addressing common complaints about traditional undergarments. This focus on a specific product solution—wire-free comfort—serves as a distinct selling proposition in the competitive intimate apparel industry.
Keywords: shapewear, direct selling, social commerce, women's apparel, intimates, athleisure, multi-level marketing, wire-free bras, female entrepreneurship, direct-to-consumer