Forty percent of engagements in the United States happen between Thanksgiving and Valentine’s Day, with December being the peak month, according to a survey by WeddingWire.
So, if you or someone you know just said “Yes,” and is in the throes of wedding planning, you might want to tell them about an innovative new company started by a 2009 University of Virginia graduate.
McIntire School of Commerce alumna Ashley Young is the founder of Bridal Babes, a firm that creates bold, curve-hugging designs for bridesmaids’ dresses and wedding gowns. If the company sounds familiar, that’s because it recently got a huge cash infusion on “Shark Tank,” a reality television show where financiers, or “sharks,” bid on emerging businesses.
Ashley and her co-founder and husband Charles appeared on the show in the fall, seeking $250,000 in exchange for 10% equity of their firm. During their appearance, Ashley told the sharks, “Bridal Babes offers gowns in inclusive sizing, which we pride ourselves on, and a wide range of shades that really pop on all skin tones.”
The key, she said, is a special fabric that looks like satin, but stretches and drapes attractively over curves.
When their appearance on “Shark Tank” aired, Bridal Babes, founded in 2019, boasted lifetime sales of $2 million, a figure that left the sharks stunned. Shark Emma Grede, founder and CEO of Good American, a size-inclusive apparel label, took notice.
She offered the Youngs $250,000 for 25% equity; the trio eventually settled on $250,000 for 20% equity. “They are onto something,” Grede said. “They’re onto an absolute winner.”