Remyxx ReKixx Sneakers Net Worth Shark Tank Update 2025

Gary Gagnon had a big idea. He saw a problem in the world. People were throwing away their old shoes. These shoes would end up in landfills. They would sit there for years. They would not break down. They would not decompose. They would just take up space. This was bad for the planet. It was bad for the environment. Gary wanted to do something about it. He wanted to make a change.

He wanted to create shoes that people could recycle. Shoes that would not harm the earth. Shoes that would not just be trash when they were old. Gary worked hard. He spent two years developing his idea. He used his own money. He invested his time. He wanted to make sure the shoes looked good. He wanted them to be stylish. He wanted them to be comfortable. He wanted people to want to wear them.

He called his shoes Remyxx. Later he changed the name to ReKixx. He believed in his idea. But he needed help. He needed money. He needed a partner. He needed someone who could help him take his idea to the next level. Gary decided to go on Shark Tank. Will the entrepreneur get a deal on Shark Tank? Check out Remyxx ReKixx Sneakers update to find out!

Remyxx ReKixx Sneakers net worth 2025

Gary Gagnon went on Shark Tank asking for $50,000 for 10% of his company. This meant he thought his business was worth $500,000. He made a deal with Daymond John for $50,000 in exchange for 80% of the company (which lowered the value to about $62,500). The episode was aired on May 18, 2012. The company was later re-branded to ReKixx but ultimately shut down in 2019. The current net worth of ReMyxx (ReKixx) is $0 in 2025. 

Gary did not stop after the show. Even though things did not go exactly as planned. He kept going. He wanted his idea to succeed. He wanted his dream to become real. He rebranded. He changed the name from Remyxx to ReKixx. He worked hard to build the company. He tried new ways to get money. He started a Kickstarter campaign. People liked his idea. They supported him.

They gave money to help him make more shoes. Gary sold about four thousand pairs of shoes. He was making progress. But it was not easy. The shoe business is very competitive. There are many big brands. It is hard for a small company to survive. He tried his best. He pushed forward. He worked hard. But in the end, it was not enough. The company closed in 2019. Gary was proud of what he did.

Even though the business closed he had made an impact. He had brought attention to the problem of waste. He had shown that people cared about sustainability. He had tried to make a difference. He had worked hard to bring something new to the world.

Gary did get an offer. But the deal never went through. Here is what happened. Gary asked for fifty thousand dollars. He was willing to give up ten percent of his company. The sharks listened to his pitch. They asked questions. They had concerns. Four Sharks did not make an offer. They were not sure if the idea would work. Only Daymond John made an offer.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Barbara Corcoran	out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Daymond John	$50,000 for 80% equity	$50,000 for 50% equity	Yes
Mark Cuban	Out	N/A	N/A

Remyxx ReKixx Sneakers Shark Tank pitch

Gary Gagnon was just an ordinary guy. He was not famous. He was not rich. He was not from a big company. But he had an idea. He had a dream. He wanted to make a difference. One day he saw a problem. He saw people throwing away their old shoes. He thought about it. He realized that most shoes are not recyclable. Most shoes just end up in the trash. They sit in landfills for years. This was bad for the planet.

This was bad for the environment. He wanted to fix this. He thought why not make shoes that people can recycle? Shoes that are good for the earth. Shoes that do not just turn into trash. That was how the idea for Remyxx started. He worked hard. He spent two years developing the product. He used his own money. He put in thirty thousand dollars. That was a lot for him. He believed in his idea. He wanted it to succeed.

He faced challenges. He had to find the right materials. He had to find a way to make the shoes strong. He had to make them look good. He had to make sure they were comfortable. He had to do all this on his own. It was not easy. But he kept going. He wanted to bring his idea to the world. He wanted people to know about it. He wanted people to wear his shoes and help the planet. That is why he went on Shark Tank.

Gary walked into the Shark Tank full of hope. He believed in his product. He started his pitch with energy. He explained why his shoes were special. He said they were 100% recyclable. He said they had a positive impact on the environment. He showed the Sharks the different designs. He passed the shoes around. He wanted them to see and feel the quality. He explained that his business was very new. He had just started selling.

He had no sales yet. But he had been working on the product for two years. He asked for $50,000. He was willing to give up 10% of his company. He believed this was a fair deal. He wanted the money to help make more shoes. He wanted to expand his business. He hoped the Sharks would see the potential.

The Sharks had many questions. Kevin O’Leary wanted to know about sales. Gary told him the business had just launched. There were no sales yet. Robert Herjavec asked about the recycling process. He wanted to know if people would understand that the shoes were recyclable. Gary explained that people could mail the shoes back to him. He guaranteed they would be recycled.

Mark Cuban wanted to know how much Gary had invested. Gary said he had put in $30,000 of his own money. Daymond John asked why Gary wanted to be in this business. Gary said it was not just about fashion. He wanted to make a difference. He wanted to help the planet.

The Sharks were not sure about the business. Robert thought it would take millions of dollars to make it successful. Kevin did not see how it would make a profit. Mark thought Gary needed more money than he was asking for. Barbara did not think the product was unique enough. One by one the Sharks dropped out. Only Daymond remained. He asked if Gary owned the trademark.

Gary said yes. Daymond made an offer. He said he would give $50,000. But he wanted 80% of the company. Gary was shocked. He wanted to keep more control. He asked for 50% instead. Daymond said no. Gary thought about it. He did not want to lose this chance. He accepted the deal. But later, the deal never happened.

What Went Wrong With Remyxx ReKixx Sneakers  On Shark Tank?

There were many problems. The company had no sales yet. The Sharks were worried. They thought it was too risky. They thought the business needed more money. They were not sure if people would buy the shoes. The competition was strong. There were many big shoe companies. It was hard for a small brand to stand out. The Sharks did not believe Gary could compete. Only Daymond made an offer.

But his offer took most of the company. Later, the deal did not happen. Gary tried to keep going. But sales were not high enough. In 2019, he had to shut down.

Product Availability

ReKixx shoes are no longer sold. The company closed in 2019. Before that, they were available online. They were sold through Kickstarter. People could buy them there. The shoes were made from special materials. They were designed to be recycled. They looked like normal sneakers. They were comfortable. They were stylish. But they did not sell enough.

Conclusion

Gary had a dream. He wanted to help the planet. He worked hard. He created a special shoe. He went to Shark Tank. He got advice. He tried to sell the shoes. But the business was tough. In the end he had to close. But he never gave up. He believed in his idea. He hoped others would continue to find ways to help the planet.