Kane & Couture Shark Tank Update – Net Worth 2024

Dressing up dogs in fancy outfits was a problem many pet owners didn’t even know they had. But Amber Lee from New York City saw an opportunity. She created Kane & Couture, a company that makes stylish clothes and accessories for dogs. From bow ties to button-down shirts, Amber wanted to bring high fashion to the canine world.

Amber came on Shark Tank looking for $150,000 for a 33% stake in her company. She brought her dog Cain and some models to show off her products. The Sharks were split on whether dressing up dogs was a good idea or just plain silly. Did the Sharks take a bite at the opportunity? Find out in our Kane & Couture Shark Tank Update!

Kane and Couture Net Worth

Amber Lee asked for a $150k investment in exchange for 33% equity in her company, Kane & Couture. This meant she valued her company at approximately $454,545. She made a deal with Lori and Daymond for $150k in exchange for 40% of her company, plus a contingency that she needed to secure $400,000 in orders. This new deal valued her company at $375,000. After the show aired, Kane & Couture expanded its reach, being sold in over 100 stores across the country. However, the company closed down in 2019. As the company ceased operations and there was no substantial growth or sales after the Shark Tank deal, the current net worth of Kane & Couture is $0.

Kane And Couture Shark Tank Update

What Happened To Kane And Couture After Shark Tank?

Kane and Couture did benefit from the exposure they got on Shark Tank. But the deal didn’t go through. The brand did manage to go into over 100 stores across the country. In 2017, she reorganized her entire business, but soon she closed her business down. The reasons for her closing are unknown. Now, she runs The Quartz Wellness Collective. It’s a group focused on personal growth and development. She also works as a consultant and trainer in Positive Education and Well-Being at the Harlem Children’s Zone.

Did Kane And Couture Get a Deal On Shark Tank?

Kevin O’Leary and Mark Cuban both didn’t want to invest in the business. They didn’t see it as a profitable venture to put their money in.  For those reasons, they didn’t invest. Robert had a problem with how she wanted to scale her business from $90,000 to $1.8 million. For those reasons, he didn’t invest. Lori was interested in jumping on the business, but she wanted Daymond to join in with her for his expertise. She offered the $75,000 and waited for Daymond to respond. He added a contingency that she needed to bring in an order of $400,000 for them to invest $150,000 for a 40% stake in the business. Amber accepted this deal from the Sharks.

Shark(s) Name	Offer and Demand	Counteroffer	Accepted?
Kevin O’Leary	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Daymond + Lori	$75,000 from Lori + $75,000 from Daymond for a 40% stake in the business + Amber bringing in $400,000 in orders for the first year	N/A	Yes ($75,000 from Lori + $75,000 from Daymond for a 40% stake in the business + Amber bringing in $400,000 in orders for the first year)

Founders Backstory

Amber got the idea for her company because of her love for her dog. She noticed that most dog clothes and accessories were boring. When she tried to find trendy outfits for her dog, she had trouble finding the right product. So, she decided to make her own. Starting the company wasn’t easy for her. People didn’t always take her seriously. Some thought dressing up dogs was silly or unnecessary. She had to juggle running the business with her personal life. In the four and a half years since starting Cain Couture, Amber also got married and had a baby. 

Initial Pitch

Amber Lee Forrester walked into the Shark Tank with a clear goal in mind. She was seeking $150,000 in exchange for 33% of her company. It was a canine lifestyle brand offering stylish collars, leashes, apparel, and accessories for dogs. She brought along her dog, Kane, to help demonstrate her brand’s fashionable products.

Amber explained that most pet accessories on the market were either plain or overpriced. She wanted to change that by offering something affordable but good-looking for your dogs. The company offered both premium and value-driven lines. It meant pet owners of all budget sizes could find stylish and affordable products for their pets. To showcase her brand, Amber introduced a few dogs dressed in Kane & Couture outfits. One of the dogs had a boyfriend button-down shirt and a pink collar and leash set.

Queries About the Product

Robert asked about Amber’s sales which were revealed to be just $90,000. The number didn’t seem to impress Mark Cuban, who looked disappointed. Amber explained that she sold her products both online and in stores. The Sharks wanted to know more about which big stores carried her products. Amber mentioned that Macy’s had her items for one season, which was a pretty big deal for a small business.

Robert wanted to know future projections about her product and the company as a whole. She confidently told them that she was expected to make $1.8 million next year. This huge jump in sales caught the Sharks off guard. Amber tried to explain that she had potential orders lined up for the holidays. But she hadn’t finalized them yet because of her Shark Tank appearance.

Lori picked up one of Amber’s dog collars and asked about the costs. Amber said it cost her about $3 to make, and stores sold them for $20 to $24. The Sharks weren’t sure what made Kane & Couture different from other dog products. Kevin thought there wasn’t anything special about them. Amber disagreed, saying her brand was different. She even compared her company to being the FUBU of dog fashion.

Robert was skeptical about Amber’s big sales jump prediction. Amber stood her ground, saying she was talking with seven major retailers. She thought that even if she got into just 10% of their stores, she could hit her $1.8 million goal. Robert pointed out that talks don’t always lead to actual orders. Kevin challenges Amber to name one other dog brand because there wasn’t one. She herself wasn’t well known for a brand herself, with just $90,000 in sales.

Shark’s Response and Final Deal

Amber Lee from Kane & Couture did manage to get a deal on Shark Tank, but it wasn’t easy. At first, most of the Sharks didn’t like her idea of fancy dog clothes. Kevin O’Leary and Mark Cuban quickly said no. They thought dressing up dogs was silly. But Lori Greiner saw something special in Kane & Couture. She offered $75,000 for 40% of the company, but only if Daymond John would join her. Daymond wasn’t sure at first. He was worried about Amber’s big sales goals. She said she could go from $90,000 to $1.8 million in just one year, which seemed like a delusion.

After some back-and-forth, Daymond decided to team up with Lori. They ended up offering Amber $150,000 for 40% of Kane & Couture. The contingency was that she needed to provide $400,000 worth of orders in her first year. That was the full amount Amber asked for, but for a bigger piece of the company than she wanted to give up at first. Amber took the deal. She was happy to have two Sharks on board, especially since they also promised to help with money for purchase orders. It was a surprise ending for a business that had some Sharks laughing and others seeing dollar signs. In the end, Amber walked away with the investment she needed to grow her doggy fashion empire.

Product Availability

While the company was operational, you could buy their products from Macy’s and their online stores. But as of 2019 and onwards, the company has ceased to exist. It has closed down its operations.

Conclusion

Amber came on the Shark Tank seeking $150,000 for 33% of her business. She received some skepticism from the Sharks, especially her ambitious sales projections. Despite all that, Lori and Damon recognized the potential in Amber’s canine lifestyle brand. They both teamed up and offered the $150,000 that she asked but in exchange for 40% of the company, with a condition to secure $400,000 in orders.

Her journey on Shark Tank ended with a deal that would have propelled her company to new heights. With Lori and Damon on board, Amber had the partners she needed to turn her vision into a reality. Things would have gone smoothly if the company hadn’t shut down in 2019.