UNIFORM Shark Tank Net Worth 2023
Uniform’s net worth is $5 million as of 2022. Uniform was valued at $3 million when it appeared on Shark Tank. The company’s founders, Adam Butlein and Chid Liberty, have a net worth of $6.3 million as of 2022.
Uniform is still in business and continues to operate despite not receiving an investment from the Sharks on the TV show. As of June 2021, the brand is still available at Bloomingdale’s.
The company’s founder, Butlein, has started a new venture called LiteZilla, which is a large-scale version of the toy Lite Brite, measuring 5 feet by 8 feet.
Uniform is a socially conscious clothes subscription service that donates clothing for every item purchased by a young African who needs a school uniform. It offers affordable streetwear t-shirts, hoodies, joggers, and headwear designed and manufactured in Africa.
The company started with a successful Kickstarter campaign in 2015 and raised $230,059. They advertised their products as the “softest tee shirt in the world” and aimed to become a global apparel brand using an “ethical production technique”.
What is Uniform? Who are the Founders of Uniform?
UNIFORM is a clothing company that operates under the leadership of Chid Liberty and Adam Butlein. Their focus is on promoting education and employment opportunities in ethical industries in Africa.
To achieve this, they employ Liberian women to produce their clothing, and the products are sold globally in accordance with the company’s Fair Trade agreement.
For every article of clothing purchased from UNIFORM, a school uniform is given to a child in Liberia. Chid, who was born in Liberia but grew up in the United States, returned to his home country as an adult and noticed that many children were not attending school because they did not have uniforms.
Chid Liberty and Adam Butlein are also the co-founders of Liberty & Justice, which was the first Fair Trade-certified clothing company in Africa.
It generated $4 million in annual sales before it had to temporarily shut down operations due to the Ebola virus epidemic.
In response, Chid and Adam integrated the production of school uniforms for children in Liberia into their business at UNIFORM, using excess fabric.
This has helped them to continue their mission of promoting education and employment opportunities in ethical industries in Africa.
Uniform Shark Tank Pitch
The company had a successful Kickstarter campaign in 2015 and raised $230,059. They marketed their products as the softest tee shirt in the world and aimed to become a global apparel brand by using ethical production techniques.
Adam and Chid, the founders of the company, appeared on Shark Tank seeking $300,000 for a 10% stake in their business.
During their presentation, they showcased their apparel samples and explained that their Liberty and Justice brand was generating $40 million in annual sales before the 2014 Ebola epidemic. In 2016, they started manufacturing school uniforms using leftover fabric.
Although the Sharks were impressed with the company’s goals, they expressed concerns about the competitive market and the founders’ ability to focus on a single product. Consequently, they decided not to invest in the business, and Adam and Chid left without a deal.
However, Uniform, the children’s clothing brand sold in Target stores, continues to operate and is still available at Bloomingdale’s as of June 2021.
The company’s founder, Butlein, has also started a new venture called LiteZilla, which is a larger version of the toy Lite Brite, measuring 5 feet by 8 feet.
Net worth of Uniform
Uniform was valued at $3million at the Shark Tank pitch.
Farbeg GmbH is a German company that acts as a wholesale distributor of school uniforms in Africa on behalf of German charities.
They have sold over a million uniforms to Liberia in partnership with UNIFORM.
Kickz is a similar social enterprise that also operates in Africa, providing employment and fair wages to poor women, including seamstresses who ensure uniforms are made to the proper size.
FAQS of UNIFORM
Where can I buy UNIFORM clothing?
You can buy t-shirts, tassel shorts, turtle neck shirts and sweatshirts. They are available on the company’s website as well as on Amazon.
Is uniform from Shark Tank still in business?
As of June, 2021, Uniform has a children’s clothing line in Target stores. The company is still in business and has some clothing in Bloomingdales
What is UNIFORM’s mission?
UNIFORM aims to make providing school uniforms in Liberia easier for families.
UNIFORM will help parents to buy uniforms for their children, while providing them financial aid when they need it to buy transportation, food, water and other essentials.
They aim to empower parents to take charge of their young children’s education by giving them the opportunity to send kids to school.
UNIFORM will provide school uniforms to children in Liberia. They plan to use their profits to pay for school supplies.
What is the target audience of UNIFORM?
UNIFORM’s target audience are families who want to have an affordable, comfortable clothing for their children at school, but might not have the financial means do so.
How can you help UNIFORM?
You can support them by visiting their website or buying t-shirts at www.uniformapparel.com .
What happen to UNIFORM at the Shark Tank?
The Sharks considered the idea of making uniforms for children in Africa, but weren’t sure what the company would be worth. Adam and Chid walked out of the Tank empty-handed.
How much is UNIFORM worth?
They got $300,000 in exchange for 10% of their business. The company was worth $3million when the Shark Tank episode aired.