What is Handout Gloves?
Handout Gloves are mittens and gloves designed for skiers, snowboarders, and winter walkers. They feature strategically-placed waterproof zippers, allowing the wearer to keep the gloves on while also providing the freedom to cool off their fingers or perform tasks that require hand use.
What happened to Handout Gloves on Shark Tank?
On Shark Tank, Handout Gloves sought a $150,000 investment and a $150,000 loan for a 20% stake in their business. Barbara Corcoran offered a $300,000 line of credit at 6% interest for a 25% equity, along with an additional $300,000 from Don Wildman.
What is Handout Gloves’ retail presence and product line?
Handout Gloves has expanded its retail presence and strengthened its Amazon store. They have added fishing gloves and planned to expand into hunting and work gloves. The company offers three categories of gloves: lightweight, sport, and professional, made of leather or polyester with a waterproof inner lining and water-resistant zippers.
What is Handout Gloves’ annual sales revenue?
As of 2021, Handout Gloves is reportedly generating $1 million in annual sales revenue.
What is the net worth of the founders of Handout Gloves?
The founders of Handout Gloves, Jake Sullivan and Don Wildman, have a combined net worth of $5.6 million as of 2022.
Who are Handout Gloves’ competitors?
Specific details about Handout Gloves’ competitors are unknown. No specific names or details were mentioned in the available sources.
Are there any updates on Handout Gloves after Shark Tank?
Handout Gloves has expanded its product line to include hunting, fishing, and work gloves. The company faced supply chain challenges during the Covid-19 pandemic, resulting in a shortage of snow gloves. However, they plan to restock in November 2021. Sadly, founder Don Wildman passed away in September 2018 after battling cancer.
million in annual sales revenue.