Tag Archive for Ruby Ribbon

Ruby Ribbon Announces It Will “Wind Down Business”

Ruby Ribbon recently announced it will begin shuttering operations and will officially close August 25, 2025.
For more than a decade, Ruby Ribbon has been on a mission to help women feel more confident, comfortable, and supported—starting with the simple act of replacing your bra. But what we created together grew into something much more powerful.
The company wrote in a statement,
“Today, with a heavy heart, we are letting our community know that Ruby Ribbon will begin the process of winding down our business.”
Here’s what to know:

Any open parties will be closed, and reward coupons emailed to qualifying Hostesses.
Our full collection is available to shop while supplies last.
The Essential Bundle offer is still available: purchase two or more of our core styles and receive 10% off automatically.
If you are holding a Ruby Ribbon gift card, it will continue to be accepted for purchases.

“This incredibly difficult decision was shaped by the many challenges facing today’s economy and retail landscape. With deep appreciation for your support and loyalty, we wish you comfort, compassion and empowerment…just as you have helped us foster through the years,”
the company wrote in a statement.
ABOUT RUBY RIBBON
Ruby Ribbon is a shapewear and fashion company that sells its products exclusively through

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Ruby Ribbon Adds Veteran Joey Carter To Advisory Team

 
Longtime direct sales executive Joey Carter is joining Ruby Ribbon’s advisory team, after participating in the shapewear company’s recent Series C funding round.
Carter is General Partner at Direct Selling Capital, the Dallas-based firm that co-led Ruby Ribbon’s $7.5 million round alongside San Francisco’s DBL Partners. Silicon Valley venture firms Trinity and Mohr Davidow also participated in the round.
Before founding Direct Selling Capital, Carter was Chairman and CEO of Home Interiors & Gifts Inc., a direct selling company founded in 1957 by his grandmother, Mary Crowley. During his tenure the business reached annual sales in excess of $600 million.
Carter also has served as Chairman of the Direct Selling Association and held a seat on the Direct Selling Education Foundation’s board. He currently is an advisor and consultant to Ambit Energy LLP.
“We are

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Ruby Ribbon Acquires Newly Appointed Board Members & Funding

 
Ruby Ribbon, Inc. today announced that the company has closed $7.5 Million in Series C Funding. The Round was co-led by DBL Partners, of San Francisco, CA, and Direct Selling Capital of Dallas, Texas, and included participation from current investors Trinity Ventures and Mohr Davidow Ventures.
With the closing of the round, the company will add two board members, Norm Matthews, former President of Federated Department Stores, and Cynthia Ringo of DBL Partners. Joey Carter, the founder of Direct Selling Capital, will become an Advisor.
The new investors, advisors and board members collectively bring to Ruby Ribbon deep expertise in areas core to the company’s success as well as an investment circle in tune with the company’s mission to create thousands of flexible jobs for women while demonstrating sustainable and highly scalable modes of retail.
Ruby Ribbon is an apparel company creating a

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