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MountainWest Capital Network honored Cariloha, international retailer of bamboo clothing, bedding and bath goods, as the 17th fastest-growing company in Utah.
At the 20th annual Utah 100 Awards, Cariloha climbed to number 17 out of the top 100 fastest-growing companies in Utah. Cariloha was among other successful businesses, such as Huntsman Corporation, Vivint, USANA, Nu Skin, and Ancestry.com that were also ranked on this year’s lists, as well as many other nationally recognized Utah-based businesses.
The 2014 Utah 100 rankings are determined from thousands of eligible companies throughout the state representing all industries. The full list recognizes 100 fastest-growing companies, 15 top revenue-growth companies, and 15 emerging elite businesses, all of which are Utah-based, for-profit entities. Awards in the 100 fastest-growing categories are based on percentage revenue increases from 2009 through 2013.
“We are excited to celebrate the 20th anniversary of the MountainWest Capital Network Utah 100 Event with one of the strongest groups of companies we have recognized,” said Reed Chase, president of MWCN. “Greatness is inherent in these companies, and many are recognized as market leaders in their respective fields. We’re honored to highlight their accomplishments and look forward to another amazing 20 years of calling out Utah success stories.”
Top Revenue Increase winners have the largest dollar amount of revenue growth over the same five-year measuring period. Emerging Elite companies are selected from among companies with less than five but more than two years of operation that show significant promise for future success. Cariloha experienced more than 800% growth in the last three years and has continued to climb substantially in 2014.
“Being recognized in the 17th spot out of Utah’s 100 fastest-growing companies helps validate our staffs’ dedicated efforts and supports our growth initiatives that are taking Cariloha into new markets across the map,” said Scott Brady, Cariloha’s AVP of Communications. “Cariloha customers can expect even more bamboo product options in dozens of new store locations over the next several months and throughout 2015.”
The Utah 100 awards come after recent expansion into 47 retail locations in 14 countries, and more than 100 new additions to Cariloha’s bamboo product mix, including bamboo resort sheets, bamboo fitness wear, bamboo bath mats, bamboo socks, bamboo clothing styles for men and women, and many more.
About MountainWest Capital Network
MountainWest Capital Network (www.mwcn.org) 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.