Sharks Episode 312 introduces a fresh approach to footwear: Entrepreneur Gary Gagnon is hoping to start a new trend with his Remyxx footwear. Gagnon came up with the concept after spotting discarded shoes littering the streets. As a result of this, he set out to design sneakers that could be recycled without ever having to end up in a landfill. Shoes that could hold their own in such a crowded market needed to be strong, comfortable, and fashionable.
Gagnon has only three weeks of marketing experience, but he has a Kickstarter campaign and a shell website built up in anticipation of the Shark Tank Effect — the phenomenon in which Shark Tank items receive an excessive number of website hits after appearing on the show.
Remyxx/re Kixx After Shark Tank:
After the Shark Tank program aired, the arrangement between the two men broke down.
After his appearance on the show, the businessman launched a Kickstarter effort to generate money for the production of tennis shoes. He was able to run the business for less than $40,000.
Gary renamed his business to Remyxx after releasing his items using the campaign’s resources. More than a thousand pairs of repurposed shoes were sold during the course of the business.
Aside from that, the company gained so much notoriety that many predicted it would one day become the world’s largest and most successful recycler of sneakers.
Current Update: Is Remyxx/re Kixx Still in Business?
Even though Daymond gave Gagnon a wonderful deal, the deal didn’t work out. On top of that, Daymond opted to consult with and support Gary at every step of the way rather than leave him to it alone.
More than $40,000 in sales were generated as a result of Kickstarter funding and the commencement of production.
There was a steady increase in the company. There have been few returns or complaints from media or customers since the company’s founding.
Gary Gagnon finally revealed on 10 April 2017 on the ReKixx Facebook page that his business was no longer running after many years of sweat, tears, dedication, and hard labor. Its Facebook and website, on the other hand, are well-known and busy.
Re Myxx Shark Tank Recap:
When Gagnon shows up at the Shark Tank, he’s hoping to get $50,000 for a 10% stake in ReMyxx in exchange for $50,000 in investment. When the Sharks are asked to join him in being “pioneers” and making an influence on how we think about footwear and green living, they are given a smart presentation.
Kevin O’Leary cares more about the money he has in his wallet. He’s interested in learning more about the sales side. However, Gagnon has only been in business for three weeks and has yet to make a sale.
His sneakers will be manufactured and sold at wholesale prices, Gagnon says the Sharks. Because of the uniqueness of his footwear, he thinks he stands out from the crowd. Herjavec is interested in learning more about how the sneakers are recycled. Gagnon offers a sweetener with his sales: eco-conscious buyers can ship back the sneakers for guaranteed recycling because recycling processors haven’t heard of ReMyxx yet.
Daymond Why does Gagnon want to know this? Asked what his ultimate goal is, Gagnon says that he wants to create a new market for recycled goods through fashion.
When it comes to patents and secret procedures, O’Leary wants to know. The Sharks are in a pickle since Gagnon has yet to obtain a patent for his shoes. A new product’s space in the market might be protected by utilizing proprietary knowledge, techniques, or materials. To compete with the “Big Four” shoe businesses, ReMyxx needs a distinctive process.