10.05.21
Modere, a global, live-clean lifestyle brand of wellness, household, beauty and personal care products led by CEO Asma Ishaq, today announced it is named the top company on the Women Presidents’ Organization (WPO) and JP Morgan Chase’s 14th annual 50 Fastest Growing Women-Owned/Led Companies of 2021 list.
The California-based brand debuted in the third spot on the 2020 list before rising to the top of this year’s list. The ranking is driven by its 1,700% increase in revenue during the years 2016 – 2020. All 50 companies were honored at the 2021 WPO Annual Conference in Nashville today.
“It is a tremendous honor to receive this recognition from the WPO,” said CEO Asma Ishaq. “We could not have accomplished our continued growth and success without our talented employees, salesforce and loyal customers around the world. I am grateful to the WPO for the support they have shown me and countless other businesswomen, including many on this incredible list of dynamic, women-led companies with whom we are extremely proud to be associated.”
Ishaq attributes the Company’s foresight in positioning itself at the intersection of two converging macrotrends—wellness and ecommerce—for a chunk of its success.
“As an omnichannel, ecommerce and direct-to-consumer business, Modere remains ahead of the curve in our focus on meeting consumers where they are and building toward a more personalized customer experience,” said Ishaq. “Market trends over the past decade confirm a steady rise in consumer interest in clean health, and we witnessed an additional surge in demand over the past 18 months. Modere has been ideally positioned to respond to this changing landscape and continues to drive impressive growth by focusing on what our customers want. From our very beginning, we have been committed to providing market-leading, scientifically advanced lifestyle products that enhance our consumers’ quality of life, and we look forward to continuing to deliver on this mission.”
The 50 Fastest-Growing Women-Owned/Led Companies list recognizes the advancement of women in business by honoring women-led, privately-owned companies that have generated significant growth in the previous five years. Nominees are ranked according to a formula combining percentage and absolute growth for revenues for the five full years preceding the list’s publication. In 2007, the list’s inaugural year, the nominees’ combined revenue amounted to $75 Million. The aggregate revenue of this year’s list is $4.1 Billion.
Camille Burnes, CEO of the WPO, commended Modere for this impressive feat.
“We are thrilled to celebrate the accomplishments of all 50 companies who made the list this year,” said Burnes. “This distinction is a remarkable achievement for Asma and her team in particular, whose stand-out performance earned Modere the top spot on our list after its debut just last year. This speaks both to Asma’s brilliance as a leader and the strength of the company she has built.”