Robert Herjevic likes the style and wants Foxworthy to go in on the entire company with him and buy 100% of the Brand. They offer Abbaticcho and Lees a 7% royalty on all merchandise sold without them having much say in how the business would expand in the future. In a nut shell, this is like asking you to give up your first born which you have been completely devoted to since inception. Obviously this was not the kind of deal neither Abbaticcho & Lees had in mind. Daymond John knowing a thing or two about branding a clothing line (FUBU) steps up and offers a 3 way deal for the entire company. Now 3 Sharks are always better than one (especially with their combined connections) and surprisingly the duo counter with a $100k offer but they want a 10% royalty on all future merchandise bearing their logo. Daymond re-counters with $75k and is stuck on the 7% royalty originally offered. They ended up accepting the deal with all 3 Sharks, Daymond, Robert and Jeff Foxworthy.
HillBilly Brand Now in 2016 – Recent Update . It appears as if the boys have reached their goal of expanding the name and the line of products as well, making it one of the more successful companies that have been aired on Shark Tank.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.