[3] The company began when Peter Helmetag and John Fernsell met in 1997.

It was all either Gore-Tex or polyester fleece.”[4] In December 2017, Ibex announced that it would be shutting down its operations in February 2018 after the company's struggles in the outdoor market which led to the company laying off a third of its staff in November.

[5] In October 2019, Ibex relaunched as an online-only store, under the ownership of Flour Fund, which purchased the brand in early 2018, and the direction of Bonnie Shupe, and is now based in Boulder, Colorado.

Ibex uses Vermont CVPS Cow Power to generate electricity in a sustainable fashion.

According to Business Wire, Ibex consumed over 36,000 kilowatt-hours of electricity in cow power over the year 2005–2006.