What happened to KAan's Designs on Shark Tank season 16 episode 6?

In Shark Tank season 16, episode 6, KaAn’s Designs impressed with its focus on family bonding. Founders Kenny and Ashley Green pitched their matching clothing brand, aiming to promote shared family moments. Seeking $75,000 for 15% equity, they shared their heartfelt story with Sharks Lori Greiner, Mark Cuban, Kevin O’Leary, Daymond John, and guest Shark Todd Graves.

KaAn’s Designs walked away with a unique deal from Todd Graves: $75,000 structured as a loan for 10% equity. Notably, the offer included mentorship from Daymond John, a valuable resource for the fashion-forward family brand. From a business started in their garage to a company making waves on Shark Tank, the Greens left the Tank with financial support and guidance to elevate their brand.

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KaAn’s Designs: Their pitch on Shark Tank

KaAn’s Designs is a family lifestyle brand that Kenny and Ashley Green created to encourage families to "Get in the Picture." Inspired by their children, Aiden, Noah, and Kensley, the couple designed clothing and accessories that celebrate parenting moments. Their products, including matching tees, highlight the humor and love of parenthood while promoting memorable family experiences.

The brand’s mission is deeply personal to the founders. Ashley shared that losing her mother at a young age without having many photos together inspired her to help families capture precious moments.

Kenny echoed this sentiment, recalling how a house fire destroyed his childhood photos, motivating him to preserve memories with his kids.

“I love creating products that promote a photoshoot or Instagram share."

Ashley said on Shark Tank, reflecting on the emotional core of KaAn’s Designs.

"KaAn’s Designs is a parenthood lifestyle brand on a mission to encourage and inspire families to get in the picture," they declared during their presentation.

Entering the Shark Tank with a valuation of $500,000, the couple sought $75,000 for a 15% stake. They highlighted their business’s impressive profit margins (nearly 80%), detailing production costs of $5.12 per adult shirt, retailing at $26, and $4.24 per kids' shirt, sold for $21. These numbers, along with their lifetime sales of $3.2 million since 2016, demonstrated the brand's potential.

Despite the promising numbers, not all Sharks were on board. Kevin O’Leary, known for his sharp business acumen, expressed concerns about the retail margins, stating he saw no room for an investor. Lori Greiner admitted her lack of expertise in the fashion industry, choosing to pass despite liking the concept.

Daymond John, the fashion mogul, acknowledged the brand’s potential to grow into a $5-$10 million business but opted not to invest financially.

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The deal: Todd Graves steps in with an offer

Guest Shark Todd Graves, founder of Raising Cane’s Chicken Fingers, saw potential in KaAn’s Designs despite it being outside his usual expertise. He offered $75,000 as a loan for 10% equity, emphasizing the importance of retaining ownership. Graves sweetened the deal by bringing in Daymond John as a mentor, even though Daymond chose not to invest.

Graves shared insights from his own entrepreneurial journey, where he grew a single restaurant into an 800-location chain while maintaining over 90% ownership. This perspective resonated with the Greens, who appreciated the guidance alongside the financial support.

Mark Cuban also considered making an offer but ultimately deferred to Graves, recognizing his value to the business. The deal provided KaAn’s Designs with the resources they needed to expand while ensuring the founders retained significant control over their company.

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Fans can catch new episodes of Shark Tank every Friday at 8 pm ET on ABC or stream them the next day on Hulu.