The Style Club Shark Tank Update

The Style Club Shark Tank Pitch

Hilary Novelle appeared on Shark Tank Season 8, Episode 7, which aired on November 4, 2016, with female empowerment apparel brand.

The Style Club is listed in the Clothing Fashion category. In plain terms, the business is described as female empowerment apparel brand.

The Style Club asked the Sharks for $500,000 for 20%, implying a valuation of about $2.5 million.

On the show, The Style Club made a listed deal with Mark Cuban for $500,000 line of credit at 8% interest for 22% equity.

If treated as straight equity, the listed deal works out to about $2.3 million implied valuation, down from the original $2.5 million implied valuation.

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

The Style Club After Shark Tank

The Style Club accepted an on-air Shark Tank deal for $500,000 line of credit at 8% interest for 22% equity. The on-air deal closed. The business is now listed as out of business, with the closure tied to May, 2022. (The Style Club Shark Tank Update

After Shark Tank, Hillary got her online store going and got into more retailers. (The Style Club Shark Tank Update

There was some controversy surrounding this deal. (The Style Club Shark Tank Update

Billionaire investor Howard Marks claims he invested in The Style Club in 2012 and Hillary created a NEW Style Club to pitch to Shark Tank. (The Style Club Shark Tank Update

He lays it all out in this article. (The Style Club Shark Tank Update

The official website for The Style Club is listed as thestyleclub.com. (The Style Club website

Sources

Sources used for this page: Shark Tank API pitches