Cariloha was recognized for the eighth year on the Utah 100 list of fastest-growing companies in Utah. Less than 5% of applicants ever make the list eight consecutive years.
Cariloha Named to Annual Utah 100 List of State’s Fastest-Growing Companies
SALT LAKE CITY — Oct. 30, 2019 — Cariloha has been named to MountainWest Capital Network’s (MWCN) 2019 Utah 100, the annual list of the state’s fastest-growing companies.
MWCN’s exclusive awards program brings together investors, entrepreneurs and professional service providers while recognizing Utah’s 100 fastest-growing companies and the economic and business impact they bring to the state.
In addition to recognizing the Utah 100 list, MWCN recognizes the 15 top revenue-growth companies, as well as the Emerging Elite—the state’s top startups just breaking into the scene.
“Being recognized for an eighth time on the MWCN Utah 100 list is truly a team effort and a victory for the entire Bamboo Nation,” said Jeff Pedersen, Cariloha Founder and CEO. “Cariloha’s sustainable luxury brand is growing and expanding across the globe at a record pace with nearly 40% compounded annual growth rates, operating in 65 full, inline stores in 16 countries and 700+ wholesale accounts in various distribution channels worldwide – all made possible by our outstanding employees and fans, our luxuriously soft bamboo products, and our incredible online and in-store shopping experience.”
Utah 100 honorees were chosen based on both their percentage and dollar revenue increase between 2014 and 2018. MWCN’s award event, now marking a quarter century of recognizing the top companies in the state, honored award recipients at the Grand America Hotel in Salt Lake City.
“Utah’s economy has never been stronger, and it’s in large part thanks to the tremendous efforts of these companies and others that make Utah truly the place to be for business,” said Ryan Dent, chairman of the MWCN Utah 100 committee. “We’ve had 25 great years of honoring the companies making Utah great, and we look forward to the next 25 years and beyond.”
Driven by a comfort, health and eco-conscious lifestyle, Cariloha joins the Style of the Caribbean with the Spirit of Aloha to provide the best in natural luxury. Since 2007, the brand has grown to become the only multi-store retailer in the world to provide an entire store experience that’s completely merchandised with products made from sustainable bamboo. By turning self-replenishing bamboo fields into crazy-soft bamboo fabrics, Cariloha offers an exclusive collection of bedding, apparel, active wear, bath goods, and accessories made from soft, cool, clean and green bamboo. Inspired by the essence and energy of the islands, Cariloha blends style and self-expression into every piece of clothing and bedding it makes. Special care is taken to drape customers in soft, comfortable, naturally breathable bamboo fabrics that leave them experiencing tranquil days in paradise time and time again. Thanks to an ever-growing, rich supply of bamboo, Cariloha has a growing fleet of stores in 16 countries offering its proprietary bamboo apparel, bedding and bath goods and enjoying the quality, soft touch, and green ‘footprint’ of this renewable resource.
About MountainWest Capital Network
MountainWest Capital Network is Utah’s first and largest business networking organization devoted to supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and intellectual capital. LIKE us on Facebook and follow us on Twitter @MWCN and LinkedIn. www.mwcn.org