Gayla Bentley, Founder and CEO of Gayla Bentley Fashion Design Group, appeared on Shark Tank seeking $250,000 for 20% equity at a $1.2 million valuation. The company designs clothing specifically for American women size 12 and above.
While 60% of American women wear sizes 12 and above, most brand stores only offer sizes up to 12, making it challenging for those with larger sizes to find well-fitting clothes. The target audience for this clothing brand is the 60% of American women who wear sizes over 12.
Daymond John and Barbara Corcoran expressed interest in the business and invested $250,000 for 50% equity at a $500,000 valuation.
Gayla Bentley Fashion caters to women who wear sizes above 12. According to the International Journal of Fashion Design, the average size for American women is 16. The brand’s first flagship store was opened in Houston, Texas, United States.
Company Name | Gayla Bentley Fashion | |
Founder | Gayla Bentley | |
Founded | 2001 | |
Product | Clothes for women over size 12 | |
Asked For | $250k for 20% equity | |
Final Deal | $250k for 50% equity | |
Shark | Barbara Corcoran | Daymond John |
Episode (Shark Tank USA) | S1 E9 | |
Air Date | Oct 13th, 2009 | |
Business Status | In Business | |
Website | Visit Website | |
Headquarters | Greater Houston, Texas, USA | |
Lifetime Worth (Sales) | $10M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
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Another Shark Tank Pitch
Who Is The Founder Of Gayla Bentley Fashion?
Gayla Bentley is the founder and CEO of Gayla Bentley Fashion Company, which she started in 2001. She studied Theater and Speech Communications at the University of Rhode Island.
Bentley worked at Saks Fifth Avenue as the Fifth Avenue Club Director for 10 years.
How Was The Shark Tank Pitch of Gayla Bentley Fashion?
Bentley asked the Sharks for $250,000 in exchange for a 20% stake in the company. The company’s luxury clothing designs are priced at $470, with a jacket costing $125 to make. The products are sold only through wholesale and online stores.
She reported annual sales of $0.5 million. Kevin Harrington found the business too risky and declined to invest. Kevin O’Leary and Robert Herjavec also chose not to invest.
Barbara Corcoran offered $125,000 but requested that Bentley bring another partner, Daymond John, into the deal. Daymond and Barbara then offered $250,000 for 50% equity, and Bentley accepted the offer.
Sharks Offers list!
Sharks | Offers |
---|---|
Barbara Corcoran | $125k for 25% equity |
Kevin O’Leary | No Offer |
Robert Herjavec | No Offer |
Daymond John | $125k for 25% equity |
Kevin Harrington | No Offer |
Founder’s (Countered) | No Counter |
Final Deals | $250k for 50% equity |
Gayla Bentley Fashion Shark Tank Update
Gayla Bentley Fashion secured a deal on Shark Tank with Daymond John and Barbara Corcoran, who invested $250,000 for 50% equity. However, after 2020, the company struggled to maintain sales.
Bentley shifted her focus to working with corporations and Fortune 500 companies. Despite exploring the official website and social media channels, there is no concrete evidence confirming that the company is out of business.
What Is Gayla Bentley Fashion’s Net Worth?
Gayla Bentley Fashion has an estimated net worth of $0.9 million. While many clothing startups launch each year, only a few achieve significant success due to their uniqueness and effective marketing.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
Years | Annual Revenue |
2001-24 | $10M *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2009 | $250k | Barbara Corcoran Daymond John |
According to the company’s LinkedIn profile, the official address is Greater Houston, Texas, United States.
Yes, Gayla Bentley Fashion is still in business as of July 2024.
frequently asked questions
Who founded Gayla Bentley Fashion?
Gayla Bentley Fashion was founded by Gayla Bentley.
Did Gayla Bentley Fashion get a deal on Shark Tank?
Yes, Gayla Bentley Fashion gets the deal in Shark Tank.