Paskho Net Worth
Paskho is an eco-friendly travel lifestyle apparel brand that appeared on Shark Tank Season 13 Episode 1. The company was founded by Patrick Robinson, who has a long history in the fashion sector.
Paskho’s clothes are designed with passion and sustainability in mind, and the company is committed to making a positive impact. Paskho sells its clothes for both women and men through its online store, and you can also purchase its branded clothes on Amazon.
Paskho made $6.7 million total from sales in 2019, and in 2021, the revenue for the firm was approximately $5 million.
On Shark Tank on October 8th, 2021, Patrick was in search of $500,000 in exchange for a 2.5 percent stake in his company. This equates to a $20 million valuation. According to insidergrowth.com, Paskho’s net worth is around $5 million as of March 2023.
What is Paskho and What is the Founder of Paskho?
Paskho Apparel is a fashion company that specializes in creating environmentally friendly and sustainable clothing items, while also providing job opportunities to Americans.
Instead of setting up a traditional factory, the company hires individuals from underserved or underprivileged communities to sew their garments. This approach helps to reduce the carbon footprint of their products, thereby protecting the environment from pollution.
The founder of Paskho, Patrick Robinson, has a wealth of experience in the fashion industry. After completing his degree at the prestigious Parsons School of Design, he went on to work for top-tier designer labels such as Giorgio Armani, Anne Klein, and Gap.
Prior to founding Paskho, Patrick also launched another design company that operated from 1996 to 2002 and supplied goods to a variety of specialized merchants.
In the early 2010s, Patrick founded Paskho as an environmentally responsible clothing company, drawing on his extensive expertise in the design industry. He was concerned about the fashion industry’s large contribution to pollution and wanted to develop a more sustainable method of production.
To kickstart the company, a Kickstarter campaign was launched in 2015 with the goal of raising $50,000. The campaign ended up with 367 supporters and a total of $68,770 raised.
Paskho’s clothing items have a highly refined appearance, but they come at a premium price point, as Patrick is competing with the corporations for whom he previously worked. For instance, men’s pants cost between $100 and $200, while blazers cost around $300 and shirts range from $68 to $88, depending on the style.
Currently, Patrick is a volunteer member of 1 percent for the Planet, a non-profit organization that encourages businesses to donate 1% of their sales to environmental causes, while also managing the operations of Paskho.
Paskho Shark Tank Pitch
During Season 13 Episode 1 of Shark Tank, Patrick presented his company Paskho in hopes of receiving a $500,000 investment for a 2.5 percent stake, giving the company a $20 million valuation. He highlighted the concept of community creation and the Gee’s Bend community.
Although the Sharks were impressed with his resume and sales of $6.7 million in 2019, they were concerned about the lack of profits and clarity in his business plan. The Sharks decided not to invest, and Patrick left without a deal.
Despite not securing an investment from the Sharks, the company is still operational, and its products are available for purchase on its website and Amazon. Paskho continues to prioritize eco-friendly and sustainable production while employing Americans and has expanded its innovative sewing pod concept.
Customers from around the world can purchase their products and receive free delivery on orders over $300. Paskho also donates 1% of its sales earnings to environmental activist groups.
Paskho Net Worth
On the Shark Tank on October 8th, 2021, Patrick was in search of $500,000 in exchange for a 2.5 percent stake in his company. This equates to a $20 million valuation.
The company is a direct competitor to the Los Angeles based Castle Clothing.
What is Paskho?
Paskho Apparel is a clothing company that focuses on ecologically friendly and sustainable items while also employing Americans.
Rather than setting up a factory, the firm employs people from underserved or underprivileged communities to sew the clothing.
As a result, the carbon footprint of the garment is reduced, safeguarding the environment from pollution.
What is the Founder of Paskho?
Patrick Robinson, the brains behind the Paskho, who has a long history in the fashion sector.
How much they seeking in the Shark Tank?
They were asking $500,000 for 2.5% stake in their company.
Did he get a deal from the Sharks?
No, he left without a deal
What Happened to Paskho after the Shark Tank?
The company is still going strong with their online based products.
How was Paskho’s community created and how does it work?
Community produced is upending the old production system by shifting to a manufacturing approach that avoids waste and prioritizes both buyers and the people who make the garments by meeting everyone where they want to be at home.
Where are Paskho’s community made products manufactured?
They are created and manufactured in the United States by a network of craftsmen and craftspeople.
Who designs the Paskho virtual factory (Pvf) items?
Patrick Robinson who has over a 25-year career as a Chief Creative Officer at Giorgio Armani, Anne Klein, Perry Ellis, Paco Rabanne, Target, and Gap.
Patrick Robinson was responsible for converting many famous brands into profitable worldwide enterprises in the United States, Europe, and Asia. Patrick is active in many aspects of the business.
What is the sustainability focus of Paskho’s community?
They’ve drastically decreased their carbon footprint by limiting transportation materials and completed items to and from abroad factories.
To keep textiles in circulation and out of landfills, they’ve increased the amount of repurposed materials in their clothing.
When will their community made items ship from Paskho?
Their products are being custom-made for them. Please anticipate 6-8 weeks for their Community Made products to arrive at their doorstep.
Once their Community Made products are on their way, they will get an email with tracking information.
When will their order ship?
They promise that all in-stock orders will be processed within 2-3 business days of receipt.
Orders are not processed or sent on weekends or holidays. Once their order’s shipping label has been produced, they will get an email with tracking information.
What payment methods do they accept?
They accept all major payment cards, as well as PayPal and Amazon Pay. Please keep in mind that each order may only accept one type of payment.
How do they care for their Paskho item(s)?
Machine wash on a cold, gentle cycle and hang or lie flat to dry. Please avoid using high heat settings as this shortens the life of their items.
Dry clean with a sustainable green dry cleaner for a deeper clean.
How does the sales promotion work?
Sale products can only be exchanged or returned for store credit. They are not eligible for Free Try-On, Free Jacket, or Free Hoodie Special Offer orders.
Where are their clothes made?
KTC Limited is the exclusive manufacturer of their products. KTC’s main factory is located in the People’s Republic of China’s Pearl River Delta.
In addition, they operate a manufacturing in Laos. KTC has a distinguished history and a reputation for excellence in craftsmanship.
What is the net worth of Patrick Robinson?
Patrick Robinson’s net worth is unavailable.