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Buck Mason: Shark Tank Update

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Buck Mason is an eminent luxury clothing brand firm that serves a number of options, ongoing trends, and the number of foreign items in bulk. Buck Mason has its specialization in button-up shirts, Chinos, and other men’s wearables.

Buck Mason offers American clothing brands at an affordable rate. An individual can buy a single piece or use a package offer which somehow simplifies the selection. Buck Mason gives a free trial of 14 days, it sends you the product for free and you can return it within 14 days if you don’t like it.

Buck Mason is a clothing line set up entirely in the USA to compete with top brands around the world. Buck Mason’s offer of 14 days trial and return policy is the USP of the business which keeps it healthy and wealthy.

Buck Mason at a Glance:-

IdeaBuck Mason -A minimalistic high-quality men’s wardrobe
FoundersErik Schnakenberg and Sasha Koehn
Asked For$200,000 For 8%
Accepted DealNo deal
SharksNo Sharks
Business statusIn Business
Episode No.Season 6, Episode 26
Website https://www.buckmason.com

Index:

Who is the founder of Buck Mason?

Buck Mason was founded by Sasha Koehn and Erik Schnakenberg from Los Angeles, California. The duo started the company to provide quality, trusted fashion styles, and new trends apparel for American men, and slowly, it’s becoming the competitor of the Top Men’s clothing brand.

Sasha shared that her father used to wear fab clothing since his childhood, also the men’s sector in clothing is growing day by day and she got the idea of Buck Mason and that’s how this business came into the market which makes affordable American brand clothing for Men.

Did Buck Mason get a deal on Shark Tank?

Buck Mason came on the Shark Tank platform to expand their business with the help of sharks’ expertise and their investment in exchange for equity in their company. Duo asked for an amount of $200,000 for 8% of the company. After seeing the samples and sale figures, Mark Cuban said that he was not interested in the Apparel business and went out.

Lori liked the idea but said that it was at a very early stage and premature and moved out. Robert was confused from a customer’s perspective of locating them and moved out.

Kevin O’Leary and Daymond John loved the garments and logo of their business, but due to high pricing, Daymond withdrew himself. Kevin O’Leary gave an offer of $200,000 for 50% equity in the company.

Duo asked them to do it for 15% equity of the company, Kevin said that he couldn’t give them that value and went out. The duo placed another pitch of $200k for 15% equity, $100k on a line of credit.

See also  Velocity Signs Shark Tank Update

Robert came back into the pitch and gave an offer of $200k for 25% equity along with $100k on a line of credit. Sasha and Erik again gave a counter for 17% equity and the rest remained the same.

Robert said that he couldn’t go with 17% and all the sharks went out. No deal was made and the pitch got closed.

What happened to Buck Mason after Shark Tank?

On the show, they didn’t get any deal but still, it managed to stay in business. They are still working and growing by serving men with variations in simple outfits, they have also combined with Stetson Hats to create an exclusive line of hats for Men.

Buck Mason has 12 retail shops in California, New York, Austin, and Atlanta as of 2021. Buck Mason has a revenue of $16 million yearly as of 2022. Their revenue has grown by $300,000 in one year, and 38% of the clients reorder every year. Buck Mason acquires clients through social media platforms, its customer acquisition cost is zero.

Buck Mason has certain niche items such as the perfect t-shirt,  blue jeans, and a classic Oxford shirt. Along with it, it has done a few auditions in its product line which includes classic button-down shirts, chinos, shorts, and denim, as well as “sweats” such as sweat trousers.

Competitors of Buck Mason

  • Harrods Limited.
  • John Lewis Partnership
  • Scanstation Computers
  • Selfridges & Co.
  • Harvey Nichols.
  • Rosary Bay Limited.
  • Soraya Interiors.

What is the net worth of Buck Mason?

Duo valued their company up to $2.5 million at the time of the shark tank appearance. Buck Mason had a net worth of $30 million in the year 2018. In 2022, as per sales, it is going to touch $50 million this year.

Is Buck Mason is still in business?

Yes, Buck Mason is still in business and doing good in the market. Buck Mason has 12 retail shops in California, New York, Austin, and Atlanta as of 2021. Buck Mason has a revenue of $16 million yearly as of 2022.

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Related Articles:

What is Buck Mason?

Buck Mason is an eminent luxury clothing brand firm that serves a number of options, ongoing trends, and the number of foreign items in bulk. Buck Mason has its specialization in button-up shirts, Chinos, and other men’s wearables.

Who founded Buck Mason?

Buck Mason was founded by Sasha Koehn and Erik Schnakenberg from Los Angeles, California. The duo started the company to provide quality, trusted fashion styles and new trends apparel for American men, and slowly, it’s becoming the competitor of the Top Men’s clothing brand.

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