‘Emma G is forgetting her brand success is intricately tied to the K factor’ tweeted a fan, as the Grede kept comparing Paskho to her brands
With an increasing demand for clothing and accessories, fast fashion is now the norm. Big retail brands are churning out clothing lines, often made for minimum cost and of minimum quality. The harsh reality here is that fast fashion is gravely affecting our lives — from exploited labor to ending up in landfills, the entire industry enables multiple human rights issues and the global warming crisis.
Enter Paskho, a sustainable brand that is mindful of its practices. Paskho takes pride in creating quality clothing built to last and employing members of underserved communities to give back. The brand has even caught the eye of celebrities like Oprah Winfrey, who featured the brand on her ‘Oprah’s Favorite Things 2020’ list. However, the question now is, will owner Patrick Robinson catch a deal with Mark Cuban, Lori Greiner, Barbara Corcoran, Kevin O’Leary or guest shark Emma Grede? Read more to find out!
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Robinson explained that his brand Paskho focused on providing dignified jobs to communities that need them the most. His focus was to bring jobs back to the USA. Having made $6.7 million in sales pre-Covid, he was looking for an investment of $500,000 for 2.5% stake in the company. His story impressed the sharks and Grede also pointed out that Robinson came with extensive experience, having worked with brands like Giorgio Armani, Anne Klein, Perry Ellis, Paco Rabanne, and Gap. But when it came down to brass tacks is when Robinson’s pitch wavered.
He explained that they hadn’t been profitable yet and that revenue dropped during Covid-19, which stumped Grede. According to her, retail business soared during this time. For him to have struggled to sell premium loungewear such as this meant there was an issue somewhere, seeing that SKIMS kept selling out during this period. She pointed out that he needs to find a way to market his product better and use social media to suit his purpose. O’Leary was the first to tap out, saying that he only invests in businesses with profit to show for. Corcoran, who appreciated his work, also backed out due to a lack of clarity. Grede explained that Robinson needs to start listening to his customers, and thus she backed out as well.
Greiner took a cue from Grede and declined to make an. Brinkwire Brief News.