What Happened to Baubles and Soles after Shark Tank? Baubles and Soles Shark Tank Update

What are Baubles and Soles?

Baubles & Soles are made from a durable, machine washable, and dishwasher safe proprietary plastic mixture that provides slip-resistance and stability for early walkers.

They are also environmentally friendly, being made from 100% recyclable vegan bio-based soy material through a closed-loop process that repurposes scraps and discarded shoes, preventing 100 tons of waste from entering landfills annually.

The company was founded in 2017, and the shoes are manufactured in the USA using a 45% soy by weight proprietary material, available in 5-10 toddler sizes, 6 colors, water resistant, machine washable and slip-resistant.

Who is the founder of Baubles and Soles?

Lisa T.D. Nguyen established a company in 2017 after becoming frustrated with the need to purchase multiple shoes for her daughter to match different outfits, despite the fact that her daughter would outgrow them quickly.

They produce a children’s shoe that features interchangeable “baubles” to decorate them for different occasions.

Instead of buying multiple pairs of shoes for children, you can purchase one pair and change the unique, interlocking bauble for a new design.

The shoes are made of a special bio-based material that is 45 percent soy and are manufactured in the United States. They are comfortable, slip-resistant, machine washable, and 100 percent recyclable.

The best part is that the baubles fit all shoe sizes offered, allowing you to continue to decorate as your child grows.

Baubles come in a variety of designs, such as rainbow unicorns, pompoms, bows, and even tacos! There’s a bauble for every child, and there are also matching Baubles and Soles shoes for moms.

Children’s shoes cost $49.95 and come with one bauble set. Additional baubles are $12.95. You can easily twist and pull on the innovative interlock system to switch out the bauble. The company has a strong sales record and an Amazon Store.

What Happened to Baubles and Soles at Shark Tank pitch?

On Shark Tank episode 9 of season 11, Duc and Lisa Nguyen came to the show seeking an investment of $100,000 for a 15% stake in their children’s shoe company, Baubles and Soles, with the goal of getting their product into national retailers and raising awareness.

The Sharks were impressed by the Nguyen’s presentation and the potential of the business, but ultimately Mark and Robert did not agree with the concept and Kevin, Lori and Daymond did not want to work in the shoe industry.

However, Daymond was impressed by the Nguyen’s approach and willingness to repay the investment with earnings, and offered $100,000 for 25% equity in the company, which the Nguyens accepted.

What Happened to Baubles and Soles after Shark Tank?

After appearing on the program, Daymond and the company closed a deal and the company, as of January 2022, is still active with an annual revenue of $207,672.

Competitors of Baubles and Soles

Baubles and Soles faces stiff competition from Everything Is Rosey LLC, The Darien Sport Shop Incorporated, Darien News Store, Inc. and Wiggles & Giggles in the market space.

Net Worth of Baubles and Soles

The company was valued at $666,667 during the pitch, but after Daymond John invested, its worth dropped to $400,000.

Despite this, the company is still in operation as of January 2022, indicating that its net worth has since increased.

Baubles and Soles FAQs

What are Baubles and Soles?

Baubles and Soles are handmade shoes for children that come with interchangeable baubles. The shoes come in a variety of colors and sizes.

Who is the founder?

Lisa T.D. Nguyen founded the company in 2017 after being annoyed that she had to buy various shoes for Kaia to match different outfits, despite the fact that she would grow out of them faster than she could use them.

How much were they asking on Shark Tank?

They were asking for $100,000 for a 15% equity stake in their company.

Did they have the deal?

Yes, they did with Daymond John.

How much did they receive from Shark Tank?

They received $100,000 for 25% equity in the firm.

Are Baubles and Soles still in business?

Yes, it is still in operation as of January 2022.

Is Baubles and Soles vegan?

Yes, they are vegan-friendly and cruelty-free. They are all natural made out of 95% soybean oil, 5% soy wax, and 1% cotton oil.

What is the net worth of their company currently?

As of January 2022, the company’s net worth was $400,000. This means that it has increased significantly from the time of pitching on Shark Tank.

Where are Baubles and Soles made?

All the products are made in the United States except for the straps, which are made in China.

Are Baubles and Soles sustainable?

They use all natural ingredients, which is sustainable and gives it a competitive edge over other companies.

What is the price of the shoes?

The price varies but is widely available through Amazon at $49.

Are Baubles and Soles profitable?

Baubles and Sole is a profitable firm that has made $150,000 in sales in the previous 12 months and is expected to raise their sales to $300,000, but they have encountered some difficulties with their inventory replenishment.

Are Baubles and Soles shipping?

Yes, their products are shipped worldwide.

What is the shipping cost of Baubles and Soles?

The shipping cost varies, but it is available through Amazon Prime for free.

What are the shipping times for Baubles and Soles?

Baubles and Soles take three to five days to ship, which is faster than most competitors.

Does Baubles and Soles offer a full refund policy?

They offer a refund within 30 days of the purchase date. Refunds are for the item cost only and do not include any shipping or handling fee. Customers must first contact the company prior to returning their item.

What is Baubles and Soles website?

Baubles and Soles website is http://www.baublesandsoles.com/

Where can I buy Baubles and Soles?

They are only available online through their website, Amazon and other e-commerce sites.

How can I Contact Baubles and Soles?

They can be contacted through their website at http://www.baublesandsoles.com/ or by emailing them at hello@baublesandsoles.com.

What is the payment method accept by Baubles and Soles?

They only accept credit card payments through their website.

What is the net worth of Lisa Nguyen?

The net worth of Lisa Nguyen is $1.1 million as of January 2022.

Baubles and Soles Shark Tank Episode