Paskho Apparel -Clothing Brand On Shark Tank Season 13
Featured on Shark Tank
Paskho Apparel -Clothing Brand On Shark Tank
Paskho Apparel is a community-made clothing and fashion line created by fashion legend Patrick Robinson. The brand focuses on comfortable, sustainable clothing made by local communities. Despite the founder’s expertise, the company did not secure a deal on Shark Tank. Summary:
- Company Name: Paskho Apparel
- Founder: Patrick Robinson
- Founded: 2012
- Product: Community-made clothing and fashion line
- Asked For: $500K for 10% equity
- Final Deal: No deal
- Season/Episode (Shark Tank USA): Season 13, Episode 1
- Business Status: In 2022, Paskho began winding down its operations
- Headquarters: New York, New York, USA
- Lifetime Worth (Sales): Estimated $2M
- Investors: None
- Go To Amazon: Buy Now
- Watch On: Amazon Prime
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Description
Paskho Apparel -Clothing Brand On Shark Tank Season 13
Paskho, an eco-friendly apparel brand founded by fashion designer Patrick Robinson, appeared on Shark Tank Season 13, Episode 1.
Key Points About Paskho’s Shark Tank Appearance:
Pitch and Negotiations
- Paskho sought a $500,000 investment for a 2.5% equity stake.
- Robinson highlighted Paskho’s mission of creating sustainable clothing and providing jobs in underserved communities through its “Community Made Initiative”.
Shark Reactions
- The Sharks were impressed by Paskho’s social mission and Robinson’s fashion design experience.
- However, they were concerned about the company’s lack of profitability, high customer acquisition costs, and Robinson’s inability to effectively market the brand.
- None of the Sharks made an offer, citing Paskho’s financial challenges and Robinson’s shortcomings as a CEO.
Post-Shark Tank Performance
- Despite not securing a deal, Paskho continued to operate, reporting around $5 million in revenue in 2021.
- The company has expanded its “Community Made Initiative”, opening new sewing pods in underserved communities like the Cheyenne Indian Reservation.
- In 2022, Paskho began winding down its operations, with the website noting delayed shipping and a final sale of all inventory.
- Robinson has since announced a new project called AwareMade, which focuses on sustainable sourcing and establishing workshops in underserved areas.
