Bethesda-based clothing line Collars & Co. was featured on the November 11 episode of Shark Tank on ABC. Many may have seen the clothing company’s signature item, the “Dress Collar Polo”, a buttery soft polo with a standard English spread collar that is said to be more comfortable than a normal collared shirt. Collar & Co went on Shark Tank seeking $300K for 4% equity at a $7.5 Million valuation from the sharks and ended up striking a deal. The business will return on the May 5th edition of Shark Tank for a business update. More below on how their initial Shark Tank appearance went:
According to its website, Collars & Co.’s mission is to “provide men and women with extremely high quality clothing that not only looks great, but feels amazing as well.” The business sells shirts, sweaters, underwear, and accessories. Bethesda resident Justin Baer presented his product, asking for $300K for a 4% equity (valuation of $7.5M). The business launched in 2021 and went viral on TikTok, leading to 500 orders off the bat and $40K in revenue the first month after the video’s release.