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May 4, 2021 · By Andrew Smith May 4, 2021. In Shark Tank Season 8, Solemates founders, Monica Ferguson and Becca Brown treated audiences to an enthusiastic presentation about their heel protector that eventually landed them with a $500,000 deal (for a 20% equity stake in the company) with Robert Herjavec. However, the deal never actually materialized.
Solemates is a female founded shoe and foot care solutions brand featured on Shark Tank. Our line of products make you look and feel better in your own shoes. Free Shipping on orders over $25!
- Celebrity Endorsements and Partnerships
- Sales Channels and Growth
- Customer Feedback and Expansion
Solemates has gained recognition partly due to endorsements from high-profile celebrities such as Oprah Winfrey, Viola Davis, Demi Lovato, and Carrie Underwood. Their support has catapulted the brand’s visibility within the market of sole guards for high-heeled shoes. These partnerships have been pivotal for the brand, connecting Solemates with a w...
The company has expanded its presence through both online and physical retail platforms. Solemates are readily available on major online platforms like Amazon, where a wide variety of their products can be found. They also partner with brick-and-mortar stores, including CVS, extending their market reach. The founders disclosed that Solemates had ge...
Solemates places a high emphasis on customer feedback, which reflects in their product’s design that targets discomfort faced by stiletto wearers. Their website and customer reviewsshowcase appreciation for the enhanced fit and comfort provided by Solemates heel protectors. This positive reception has fueled the company’s plans for expansion, which...
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Jan 7, 2024 · SoleMates is a brand that sells products to prevent heels from sinking or wobbling in soft or uneven ground. The founders pitched the Sharks in Season 8, but their deal with Robert Herjavec fell through. They have since partnered with CVS and other retailers and celebrities.
Aug 27, 2023 · During their appearance on "Shark Tank," the founders showcased the High Heel Protector. However, Solemates has expanded its line of products to include other foot-care items. Its latest offerings include blister balms, weather protection, sole guards, and more. The company reportedly earns an annual revenue of $2 million with all these products.
- Leslie Leon
Oct 28, 2023 · Solemates Shoes entered the spotlight on Shark Tank with an estimated worth of $ 2.5 million when they showcased their impressive yearly earnings of $ 1.1 million. As time progressed, Solemates Shoes experienced remarkable growth, extending their reach into an array of retail establishments, including boutiques specializing in fashion and ...
Aug 28, 2023 · SoleMates got to scale even after its Shark Tank deal fell through. As enthusiastic as they were on the show after coming to an agreement, Ferguson, Brown, and Herjavec's deal didn't push through, with the SoleMates co-founders declining it post-show. However, both discovered a community of fellow entrepreneurs through their appearance.
