Amber Lee Forrester has found a way to make your dog look just as good and feel just as good as you when you are out, through Kane and Couture, her line of fashion items that are sure to make your dog the ‘bark’ of the town!
But now the Detroit girl needs the sharks’ help to take her company further with the website development and national distribution. But will the sharks want a bite of the business or will they think it is im-paw-sible?
Index:
Founder Story:
Amber Lee Forrester had the idea of creating a fashion line for dogs when she completed a workshop at Macy’s dedicated to helping minority and/or women businesses who wish to excel and grow in the retail industry.
She then worked in marketing after attending Fordham Business School and went on to start Kane and couture in 2009. She had good business, but though she should build her company further online and by setting up national distribution, but she need some help, so she comes to shark tank to find an investor that will help her do so.
Kane and Couture at a glance:
| Business idea | High-end fashion items for dogs. |
| Founder | Amber Lee Forrester |
| Asked for | $150,000 for 33% |
| Accepted deal | $150,000 for 40% |
| Sharks | Daymond John, Lori Greiner |
| Business status | In business |
| Episode | Season 5, Episode 2 |
| Website | Kane and Couture |
Did Kane and Couture get a deal on Shark Tank?
Amber Lee Forrester stands in front of the sharks with her tiny but cute dog Kane in her carrier and introduces herself, asking $150,000 for 33% of her startup, Kane and Couture. She explains about her variety of products and shows the sharks two other dogs that are using the products of the company and Daymond and Robert start cuddling two of them.
Robert asks about sales Amber says that she has sold over $90,000 in sales, which the sharks do not like, with Amber mainly selling online and through her product being displayed at Macy’s, which they do not believe at first. She then shocks the sharks by saying that she projects $1.8million in sales through large orders that have not been confirmed with at least 7 major retailers, which they do not believe at all, and when Lori asks about the manufacturing cost and retail price of a simple collar, she says that it is sold to retailers at around $3 and the retailers may sell it at around $20-$25.
Kevin then decides to back out, because there is no scope for the startup as the products are already available everywhere and Robert joins him because he doesn’t think Amber can hit the sales as she projects. Mark wasn’t interested since the beginning so he is also out but Lori then decides to make an offer to Amber, but only if Daymond joins in, which he is reluctant for. Daymond says that he will come in if he can provide a contingency of $400,000 for opening orders and Amber asks if he will assist in the financial aspects of the purchasing orders and he says that he will. Amber then accepts the deal.
What happened to Kane and Couture after Shark Tank?
After the shark tank, the exposure of the company certainly increased along with their website being developed further and has also reached around 100 outlets across the country but Amber seems oddly silent regarding the sharks as she has not mentioned any assistance from the sharks or regarding the contingency with Daymond so it seems that the deal did not close.
Product details:
- Their products range from collars to jackets, hoodies, leashes, and various other items for dogs that have been spiced up to be more fashionable for your dog.
- The prices of the products range from $25 to $80 depending on the product.
- They can be contacted at, amber@kaneandcouture.com or Wholesale@KaneandCouture.com regarding the remaining inventory.
- They were based out of Edgewater, New Jersey.
Competitors of Kane and Couture
Some competitors of Kane and Couture were
- Bow Wow Culture
- Snooze Pet Brands
- Ruffwear
- Wag and Waves
What is the net worth of Kane and Couture?
At the time of the shark tank pitch, the net worth of the startup was set to be $454,545 but the company has closed down in 2019, so we do not know much regarding the current net worth.
Is Kane and Couture still in business?
No, this startup is no longer in business as it had been shuttered in 2019. There do not seem to be many future prospects for the startup or any news if the startup will reopen.
Kane and Couture Social Links:
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FAQs:
What is Kane and Couture?
Kane and Couture are high-end fashion items for dogs. Amber Lee Forrester has found a way to make your dog look just as good and feel just as good as you when you are out, through Kane and Couture, her line of fashion items that are sure to make your dog the ‘bark’ of the town!
Who founded Kane and Couture?
Amber Lee Forrester had the idea of creating a fashion line for dogs when she completed a workshop at Macy’s dedicated to helping minority and/or women businesses who wish to excel and grow in the retail industry.