KENT Compostable Underwear

KENT was founded by a conscious Canadian, now living in Los Angeles. It all started with the benefits of natural materials.

Having outgrown frilly, lacey and stretchy underwear of her youth, Stacy sought to find a simple pair of 100% cotton underwear that matched her simple everyday style – though find everything but.

Influenced by graduate studies in sustainability, work with start-ups disrupting the textile space and time living in Copenhagen, Stacy began designing her own natural briefs and basics.

Kent Compostable Underwear Shark Tank Mens

Digging further into her Canadian roots of backyard gardening and composting, she began thinking… why were the simple underwear options always super synthetic (elastane, nylon, polyester, spandex), unbreathable and infection-producing?

Kent Compostable Underwear Shark Tank Products

Why not design underwear made from natural materials that could also return to nature? Months of research, trials and fittings later, the Annual Brief was born. After speaking with over a 1,000 women about their underwear, she understood they also wanted underwear that looked as good as it felt – made from natural materials, less toxins, simpler style, no synthetics, better fit, less irritation, fewer wedgies.

KENT in the Shark Tank

In the Shark Tank Season 14 premiere, Stacy and Jeff Grace presented their business with an ask of $200,000 for a 5% equity stake, valuing the company at $4 million. Their business, focusing on environmentally friendly, dissolvable clothes, reported $99,000 in sales at that time, with most sales being direct-to-consumer (D2C) e-commerce and a smaller portion from retail wholesale. The product’s cost was around $8 per unit, with retail prices ranging from $20-$24.

The Sharks showed mixed reactions. Mark Cuban and Daymond John initially found the investment too risky. Barbara Corcoran offered $200,000 for 20% equity, while Robert Herjavec and Lori Greiner each proposed $200,000 for 15% equity. Daymond John re-entered the negotiation, matching the 15% equity offer for $200,000, which Stacy and Jeff accepted. This deal adjusted the company’s valuation to approximately $1.33 million​​​​.

Entrepreneurs Stacy Grace and Jeff Grace
Business KENT underwear
Ask $200,000 for 5% equity
Final Deal $200,000 for 15% equity
Shark Daymond John
Valuation at Ask $4 Million
Valuation after Deal $1.33 Million
Sales at Time of Pitch $99,000

wearkent.com

Shark Tank Air Date: 09/23/2022 – Season 14 – Episode 1

 

FEATURED PRODUCT

SEASON 14: EPISODE 6

The Square Keg

Fresh beer, wine, coffee, or cocktails on-tap! Fits in your home fridge or cooler, doesn't require a power source, like other techy-cocktail machines out there.

spot_img

FEATURED PRODUCTS

Paddlesmash

Season 15 Episode 4

Pretty Rugged Faux Fur

Season 14 Episode 5

PROVEN Custom Skincare

Season 11 Episode 21

LATEST PITCHES

error: Content is protected !!