Collars & Co Shark Tank Update

Collars & Co Shark Tank Pitch

Justin Baer appeared on Shark Tank Season 14, Episode 6, which aired on November 11, 2022, with Polo shirts with dress collars.

Collars & Co is listed in the Clothing Fashion category. In plain terms, the business is described as Polo shirts with dress collars.

Collars & Co asked the Sharks for $300,000 for 4%, implying a valuation of about $7.5 million.

On the show, Collars & Co made a listed deal with Mark Cuban for $300,000 for 10% + 700,000 line of credit at market interest.

If treated as straight equity, the listed deal works out to about $3 million implied valuation, down from the original $7.5 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Collars & Co After Shark Tank

Collars & Co accepted an on-air Shark Tank deal for $300,000 for 10% + 700,000 line of credit at market interest, and later update coverage says the deal closed. (Collars and Co. Shark Tank Update

had a 300% increase in website traffic and a 100% increase in sales. (Collars and Co. Shark Tank Update

I’ve gone back and forth with Mark on email some nights until 1:00 am." The company also launched an outerwear collection and introduced brand ambassadors, such as former New York Giant Tiki Barber and golf champ Sir Nick Faldo. (Collars and Co. Shark Tank Update

This business gets an update segment in Season 14, Episode 18. (Collars and Co. Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches