@Chet Carson I was shaking my head the whole time here. Why would they be willing to go in 200K for so low when her business had only been losing money? Her business is something anybody can replicate as well and is just yet another version of the billion lootboxes out there. It's amazing how these sharks are where they're at making terrible deals like this. They should've asked for 50% on this. In Dragons den you won't see these poor numbers get these kind of investments. If anything you'd only be looking at 50% at least.
@@KoopaXross they were investing in her. She knows the right answers. She knows the issues and the model can be tweaked and the marketing improved. The issue is she was under paying employees.
When she said to Janine at 16%, that she wanted her as a shark because she highly values her - that stroked Janine's ego so hard! She was done right then and there. I immediately knew that she was going to agree. She always says about herself that she worked so hard and is worth so much and people should give her crazy stakes in their company for that. And this girl knew to push exactly that button. Not bad.
i have to say you were right.. and Kath's body language and how she said I really want you ... and kept eye contact with Janine... Sometime's it's good to say what you want just by asking
Company folded. Got fined over 300k for underpaying staff. They also took payment without supplying goods, not respond to requests to cancel subscriptions and not responded to contact from consumers about missing goods. “In some cases, two monthly subscription payments were collected before any goods were delivered,” he said. LOL. Poor sharks got taken for a ride.
This is completely natural. Humans invest into what they understand and business men live simple easily implementable ideas with good numbers. Come from a complicated guy with lots of complicated products and ideas attracting no kind of investment
Zo Kay She didn’t say she was breaking the law though. I would have thought they would have found that in the due diligence checks before the deal went through though.
I’m with Steve on these monthly subscription companies where goods are chosen for you. They’re more of a gimmick, and eventually ppl become dissatisfied with what they get or just decide it’s not worth the always-high cost. Seriously, how many different things can something like this provide to keep ppl’s interest. Just a small bottle of hand cream takes months to use up, and how many pairs of sunglasses can a person use? Maybe if they provided high-end accessories, like a Hermès scarf, but that’s not workable.
See iam not being sexist but girls mostly Change alot cosmetice ,if this would come in India it's an hit . But the thing is they would have to be able to change thier catalogue frequently imo .I could be wrong no offense to anyone
Yes and no. The subscription box company needs to get enough traction to get great ultra-low-cost-or-free items from desirable brands. Once they're over that hurdle, and if they do the curation wisely with enough variety to suit their customer base customization, they end up being a great value. Personally I save money on skincare by using Ipsy (with my profile tuned to get as much skincare as possible rather than all makeup), and I end up having enough quality products to use that I barely ever have to buy a few drugstore staples, plus I end up with enough makeup to enjoy novelty and funsies from that and I use makeup slowly enough that I never buy it otherwise. With many subscription boxes that feature things more like clothes and other lifestyle items, by all means, I think the risk is higher and it's less likely to be a good value. But people enjoy novelty and discovering new things, so there's an entertainment value, and also things you don't want can be perfect to keep around as a stash of cool gifts for others. I think the model is here to stay. I'll probably never get beyond Ipsy and probably one day getting Barkbox again, but I'm pretty picky with my spending and most people have way more funsies money than I do. Lots of subscription box companies will fail for sure, there won't be more than a handful of major players in each space within them, but brands that grab a piece of each of those and maintain enough market share to get good deals from product brands so that boxes contain great stuff, those brands will do well.
It really depends on the type of product. I love hot sauce; I put it on just about everything I eat, so I tend to go through an average sized bottle at a decent pace. I've had a subscription to fuego box for the past 2.5 years and I love it with no intention of cancelling any time soon. Different flavors, spices, heat, ect every almost every time. It is certainly a niche market, but depending on the product, customer retention rates can be pretty high. Gaming and gaming accessories boxes are also pretty successful(though I've never personally had one).
I think it would be easier if the customers could create their own box's trough their website, so they wouldn't receive random products then it could work much better. Also subscription based product usually work much better if there are some added benefits to the base product, so maybe some cupone codes or discounts for wellness, spa, massage treatments etc... Then it wouldn't be just a product but also a valuable service.
After Steve bows out she turns to the rest, "Hi guuuys." And then when Andrew makes the offer, "Oh shit." Yeah she was just amazed that he didn't see through her childish ploys.
That lady always tries to rip off the amateur entrepreneur. I hope this show goes belly up. Send all the entrepreneurs to the US. We will put them on the right track and make them real money.
@@OakApplegardens It know its hard to know, but as one of the sharks pointed out she's not making a profit. Her cost too acquire a customer was high, plus she had to cover the cost of the products she sent out plus she had overhead costs...its rough.
@@herlyjoycamilletan4519 Rias Gremory is my other Best Girl, I have a friend who I RP with and he made her my Wife, I love both of them to pieces. I haven't rewatched it cause I don't have CrunchyRoll anymore sadly... Also, hate to say this but I was not a fan of Attack on Titan, that kind of action and setting just wasn't for me. I much prefer Futuristic stuff or car based stuff like Initial D
Holy shit, this girl negotiated an extra shark with expertise in the Australian market for only costing herself 1% more equity. Reminder: Andrew's offer was 15%, and she roped Jeanine in for 16%. She hardballed the shit out of them.
@@omar15964 Excuse me Mr. Unnecessarily Smart, I googled it and most of the links which had monetary amounts different than what mentioned in the comment, please keep mute if you can't be constructive
Although Shark tank videos are usually satisfying to watch,you come to realise why Warren Buffet invests in ONLY established companies with a market cap of $1Billion+. This is because for companies to reach such level it means they have; 1. A Moat. 2. A great management that handles debt well. 3. Stock is selling below intrinsic value. 4. Room for growth. 5. Most cases CEO has a big chunk of their wealth in the business hence will guide it properly.
Can ypu imagine how much money these guys made not just for doing the show but having the opportunity to be presented amazing invention investment opportunities
Shark Tank Austrailia seems to be more genuine and on the point plateform. Yes they have to follow the script of the shark tank entertainment business but still out of everything they are mainting the high standard between pitcher and investors. good job.
She's been underpaying her employees and was fined over $300,000 recently for this. There are a lot of responsibilities for anyone running a business. Her fines seemed so much greater in proportion to the recent restaurant underpayments.
That was great to watch, so refreshing to see one of those pitching able to have a conversation like an owner / ceo, i.e. nailing the numbers without thought, not even a pause, really wanted her to get the deal..
The Sharks say she had done fantastically and is a great business woman even though she evaluated her business at more than 1.6 million dollars with zero profits.
Meth Productions she did have a very good pitch but she lied about a lot of the stuff unfortunately. The company would have been amazing in the right hands
I just saw this video today but somewhere I can't really explain but I thought, "How'd they pay their herfashionemployees?" And there I found a recommended post from somebody explaining the underpaid intern scam or fraud pulled off by the company which is agaunst the fair work policy in Australia. Man, Naomi was talking somewhere about it and was smart to pull out of it. Well, it won't hurt Andrew and her partner much.
Wow this is the first deal, I have seen on Shark Tank and Dragon Den, that the entrepreneur nailed every question with confidence, that the Sharks threw at her. She will do well with the Sharks covering the Australian & American markets!!!
Ya unfortunately she didn't. Someone said the deal fell through, but I didn't see any article about that, but there is an article about the business failing and being fined about 300,000 for unpaid salaries. So either way the business is no more.
@Ryan Morgan I mean the courts didn't see it that way. Even the quotes from the judge don't suggest that at all. It more so suggested that he understood she basically had no money and the punishment was somewhat harsh, but necessary.
@Ryan Morgan where did you see that? The article going around said absolutely nothing about charging customers multiple times and such, it literally only talked about the fine for not paying 3 of her workers. If you have a different article that has more then I would love to see it
@Ryan Morgan I see what you are talking about, but I am not sure how long that was actually going on for, it seems that basically every report I read is from the end of 2016 or beginning of 2017, which is around when the company actually shut down. Unfortunately business on their last leg will do a lot of bad business practices to just try and scrape what little time they have left. It is a very bad practice, no doubt about that, but I do question the idea of it being an outright scam. No doubt you are right when talking about when the company was going under. But I am not really seeing anything negative from before that. I also don't actually see anything like her taking the money for herself personally. At least no official body has made any such finding. It is just as likely that basically everything was screwed up by the end due to her business simply going under. That is the biggest problem with those subscription businesses, they lose money constantly and basically hope to break even in like 10 years after starting up, but most can't possibly survive that long, and don't grow nearly enough or keep nearly enough subscribers. It is at the very least equally possibly that she put all of the money she had into the business and it simply wasn't enough. But the possibility that she took the money for herself is also still there of course. We just have no definitive way of knowing since it seems no official body has found any evidence one way or the other.
@Ryan Morgan yes you are right that those people definitely exist, but they don't make up 100% of the cases out there. I am just saying that we don't really know all the facts, so we don't really have any way of knowing for sure, so it is at list a little bit of a jump to start calling people scam artists and such. I just believe in being fair, if a news group has actually done some digging and found some proof I would gladly make a more definitive answer. But unfortunately we don't have anything like that. Like I said you may be correct in calling it a scam, but we have no way on knowing. And I am also just pointing out that all of these things basically happened at the very end of the businesses life, so they don't appear to be something that was happening on a regular basis before hand. That at least, possibly, says a little bit about the company and maybe the situation.
This company ceased operations in 2017 afrer being slapped an Aud 300K fine for violating government regulations regarding employe benefits and salaries.
That was Andrew all the way, he kept saying she is worth backing and it was nice to see a owner come in knowing her worth and the value the sharks bring not just the capital
That girl got lucky! She came onto the show in the prime years of "Female Empowerment BS" And the sharks made a deal with a girl that has no profits, a broken business model, and a concept that can be easily copied. This episode was like nails on a chalkboard and NOT a good example of being a business person.
Love how the others get up at the end and go ahhhh well done, hope for a kiss or hug and look like a loaner just standing there😂😂😂😂😂😂😂 teach them to invest next time😂😂😂😂😂😂😂
Can't believe they uploaded this... This women and the company got fined over $500000 for under paying workers between 2013-2015. She went on the show in 2016. There was a media release from NSW gov warning people not to trade with the business.
Double the price and make the boxes once every two months and they’ll be able to keep subscribers for four times the length of time. Monthly subscriptions work best with perishable” items like food and movies or services like gyms or car washes. They don’t work well for accumulating cheap stuff that just becomes clutter like clothes/purses. If a customer subscribes for 3 years, that’s 36 purses/scarves/sunglasses from one source. Are there really any women wishing they could have 15 pairs of Chinese-made sunglasses, 10 chinese-made purses, and 11 scarves? Boxes that come every two months but double the price would keep revenue the same but probably lead to happier customers because the products are higher quality, curated better, and there isn’t a mass accumulation of stuff.
Since this was shot in 2019 - pre Covid. I bet with people staying at home her business is going through the roof and will continue to grow. She’ll be a millionaire in a couple of years.
A lot of prescription type business in the states is set up to screw the consumer. Sometimes stopping that company from withdrawing automatic monthly payments can take months, and raises the blood pressure. Is this how they operate in Australia?
Janine struggled with that. Very nice of Glenn to give her that advice. Personally I think that I'd have still done the 20% after they said yes to the 16% because they definitely know their shit and will be worth it.
reality is that she got Janine to team up with Andrew for 1% because she told her she is Fabulous, its sad that this business didnt work out in the end though because of legal issues
She’s now sold majority of her company to investors, worked for 2 years and hasn’t made a profit. It’s sad her desire to grow is making her investors rich. Maybe she can turn it around but it will take a miracle at this point
I think it was already failing by the time she got on this show. The company since accepted payments for months before delering products, failed to respond to requests to cancel subscriptions, failed to provide products that were paid for, and got fined $330000 for not paying employees. The company is no more. I imagine many of those problems already existed and were left out in the pitch
She also didn’t give out goods until months after, sometimes she never sent them. They weren’t as good quality as advertised and some arrived broken. She offered small businesses a chance to be in the box, but then she never put it in so they lost a lot of money. She was a a massive fraud
If female entrepreneur had Andrew and Janine as investors, why didn't they guide her? Her company was fined $330k for unpaid internships and underpayment of young workers. Glenn and Janine should have been mentors, not only investors
Didnt like the idea or business model but still surprised it was such a huge failure ,Never seen anyone pitch so well tho and sure she'll be back in business with another idea and make millions .
A failed fashion industry start-up that once scored a $200,000 deal on Shark Tank has been dealt a final blow after copping a massive fine for exploiting young workers. Her Fashion Box and its sole director Kath Purkis have been fined a total of $329,133 by the Federal Circuit Court in Sydney for underpaying three workers more than $40,000 between 2013 and 2015.
so damn sad that her business went under bcs she honestly seeemed so happy and proud of what she had done. Steve was right tho, it wasn’t the move and he couldn’t see how it would stay alive ;( rip herfashionbox
kvt nation stfu stop taking the joke to the ass and stop getting butt hurt he was joking is not like because the voice crack her carrier is going to end
I honestly think those boxes are hideous. I think things like this really appeal to people who love packaging. That's a big red flag to me as it's a bit of a sign she doesn't know her target market. Also, the bottles etc. Not very good for the environment. She'd do better to look at companies that have more sustainable packaging because that's where the world is headed. Or perhaps people can return the bottles? Something like that? Maybe at the six month mark, you can chuck in a little something extra to keep them interested. Something more high end, so it's like a reward for staying loyal. Even with that though, I think it's a novelty and would wear off quickly. A better idea would be a spa package where once a month, you get a spa treatment delivered in a box. Make up and fashion trends continually evolve but the idea of treating yourself is really the core of what this business is trying to sell and it expands across a much wider market in terms of ages and cultures. Luxury face mask, some Delicious chamomile tea, yummy body scrub bar, small sample high end perfume, bath salts, vanilla and lavender candle, hair mask, etc. Maybe a cheeky little wine with a niche boutique style dark chocolate in there. I'd fucking subscribe to that lmao. I'm surprised that she managed to get such a decent offer. I feel like they need a much younger Shark in there to inject a modern perspective.
brigmund freud she went out of business.. she wasn’t paying her employees and was fined $330,000. It was later found that she was scamming the customers she would charge them a monthly fee saying it was a monthly service but was sending them out quarterly.. and she wasn’t allowing people to cancel her service.
i am fucking addicted to shark tank and my drug of choice is australia 🇦🇺 shark tank. i have watched every single video and am now repeating them for the third time roughly, some i’ve seen 4-5 times and others only twice, but every video has been watched 😂😂😂💀💀cuz fuck it, this show is too entertaining breh
@@carltonmascarenhas i am annoyed by Elon because he is too afraid to research and talk about the UFO phenomenon... But he thinks he's going to lead humanity off the planet? to me, he is a coward, and I haze ZERO respect for cowardly people. The UFO\Alien abduction phenomenon is a REAL *scientific mystery,* .. I do not like people who claim to be leaders, but lack the courage to speak on life's greatest mystery. Elon has the support of old people who dream of being astronauts all their life. These people worship him because they believe Elon will make their dream come true. Elon believes the destiny of human kind is to colonize planets... I don't believe that. I believe the destiny of human kind is to live in space on ships as explorers, and that's my explanation for the UFO phenomenon: we are being watched by advanced human beings who live in space on ships as explorers.
![Twenty One Pilots - “The Line” (from Arcane Season 2) [Official Music Video]](http://i.ytimg.com/vi/E2Rj2gQAyPA/mqdefault.jpg)
Probably one of the more satisfying pitches and discussions.
@Chet Carson I was shaking my head the whole time here. Why would they be willing to go in 200K for so low when her business had only been losing money? Her business is something anybody can replicate as well and is just yet another version of the billion lootboxes out there. It's amazing how these sharks are where they're at making terrible deals like this. They should've asked for 50% on this. In Dragons den you won't see these poor numbers get these kind of investments. If anything you'd only be looking at 50% at least.
Thank you Chet for the research. We do like that (heart)
Wow, some really good acronyms bandied about there though. Intelligent
@@KoopaXross they were investing in her. She knows the right answers. She knows the issues and the model can be tweaked and the marketing improved. The issue is she was under paying employees.
Lee Lorenz and not supplying product whilst taking money.
I'm a RUclips commenter taking a dump and I'm 2 months behind on my rent... and for those reasons, I'm out.
benjamin vermeylen lmaooo too accurate
Did I hear a small voice reply: "and I'm a turd, there's a suppository up your arse and for that reason, I'm out"?
😆😄😂
Best of luck getting back on your rent
Was it hard? Or like an apple splatter? Did it smell? What was the colour? Need answers. Stop holding out on me 🥵
When she said to Janine at 16%, that she wanted her as a shark because she highly values her - that stroked Janine's ego so hard! She was done right then and there. I immediately knew that she was going to agree. She always says about herself that she worked so hard and is worth so much and people should give her crazy stakes in their company for that. And this girl knew to push exactly that button. Not bad.
i have to say you were right.. and Kath's body language and how she said I really want you ... and kept eye contact with Janine... Sometime's it's good to say what you want just by asking
Agreed, cuz she was basically saying, if you can’t come down to 16%, I’m going with Andrew. Brilliant
Wow you're a genius mate. You can predict the future. ZOMG!!!!!
Company folded. Got fined over 300k for underpaying staff.
They also took payment without supplying goods, not respond to requests to cancel subscriptions and not responded to contact from consumers about missing goods.
“In some cases, two monthly subscription payments were collected before any goods were delivered,” he said.
LOL. Poor sharks got taken for a ride.
Ouch so it was dead from the get go.. lesson learned don't fall for the smooth talking! lol it made nothing, Peter on DD would've skewered it.
@@N4CR that's true. He would seen right through her. Aussie Sharks bit naive.
This is completely natural. Humans invest into what they understand and business men live simple easily implementable ideas with good numbers.
Come from a complicated guy with lots of complicated products and ideas attracting no kind of investment
Sharks knew what they were getting into, but were not able to ramp this one up fast enough with the right support to make it profitable.
Zo Kay She didn’t say she was breaking the law though. I would have thought they would have found that in the due diligence checks before the deal went through though.
I’m with Steve on these monthly subscription companies where goods are chosen for you. They’re more of a gimmick, and eventually ppl become dissatisfied with what they get or just decide it’s not worth the always-high cost. Seriously, how many different things can something like this provide to keep ppl’s interest. Just a small bottle of hand cream takes months to use up, and how many pairs of sunglasses can a person use? Maybe if they provided high-end accessories, like a Hermès scarf, but that’s not workable.
See iam not being sexist but girls mostly Change alot cosmetice ,if this would come in India it's an hit . But the thing is they would have to be able to change thier catalogue frequently imo .I could be wrong no offense to anyone
Yes and no. The subscription box company needs to get enough traction to get great ultra-low-cost-or-free items from desirable brands. Once they're over that hurdle, and if they do the curation wisely with enough variety to suit their customer base customization, they end up being a great value.
Personally I save money on skincare by using Ipsy (with my profile tuned to get as much skincare as possible rather than all makeup), and I end up having enough quality products to use that I barely ever have to buy a few drugstore staples, plus I end up with enough makeup to enjoy novelty and funsies from that and I use makeup slowly enough that I never buy it otherwise.
With many subscription boxes that feature things more like clothes and other lifestyle items, by all means, I think the risk is higher and it's less likely to be a good value. But people enjoy novelty and discovering new things, so there's an entertainment value, and also things you don't want can be perfect to keep around as a stash of cool gifts for others.
I think the model is here to stay. I'll probably never get beyond Ipsy and probably one day getting Barkbox again, but I'm pretty picky with my spending and most people have way more funsies money than I do. Lots of subscription box companies will fail for sure, there won't be more than a handful of major players in each space within them, but brands that grab a piece of each of those and maintain enough market share to get good deals from product brands so that boxes contain great stuff, those brands will do well.
The point is they were investing her not just the business model , they can see that she will come up with other ideas / business's
It really depends on the type of product.
I love hot sauce; I put it on just about everything I eat, so I tend to go through an average sized bottle at a decent pace. I've had a subscription to fuego box for the past 2.5 years and I love it with no intention of cancelling any time soon. Different flavors, spices, heat, ect every almost every time.
It is certainly a niche market, but depending on the product, customer retention rates can be pretty high. Gaming and gaming accessories boxes are also pretty successful(though I've never personally had one).
I think it would be easier if the customers could create their own box's trough their website, so they wouldn't receive random products then it could work much better. Also subscription based product usually work much better if there are some added benefits to the base product, so maybe some cupone codes or discounts for wellness, spa, massage treatments etc... Then it wouldn't be just a product but also a valuable service.
After Steve bows out she turns to the rest, "Hi guuuys." And then when Andrew makes the offer, "Oh shit." Yeah she was just amazed that he didn't see through her childish ploys.
Mannn, and then this business not only failed, but got fined $300,000 for not paying their staff properly. Damnnn.
Dr Zaius lol
is this real
@Sdtok it's been sorted out now.
Wow😂😂
what a complete shitshow. guess the sharks didn't mentor her on business ethics.
We Australians are polite even when saying no. The guests never know if it's a in or out.
HAHAHAHA, THATS SO TRUE, DUDE
This is one of the only times I’ve been genuinely happy to see someone make a deal. She deserves this and she’ll go far
Yeah nah she got fined $500000 middle of this year for witheald wages and false advertising. Oh and the witheald wages all occured before shark tank.
@@TheJoshws the fine was $329,133. $274,278 to the buisiness, and $54,855 to the owner.
Acronyms rule ... Oh no, wait ... refs anyone?
Thank you for the info Josh and Identity. I guess the take-home is: pay your workers or they'll empty your box?
because she is an attractive woman? the product is not unique
I LOVE HOW GLEN KEPT THE OTHER SHARKS HONEST!!!! :-) YES!!! That was a sweet move by a great guy :-)
Shark 1: "I'll give you everything you asked for."
Shark 2: "I'll add nothing to that for 5% more!"
True. I guess she does get 2 mentors with the extra 5% cut and that can be more valuable than the cut
That lady always tries to rip off the amateur entrepreneur. I hope this show goes belly up. Send all the entrepreneurs to the US. We will put them on the right track and make them real money.
She added herself
Well, she was adding herself as a local mentor. Though yes I think her initial offer was steep, but in the end the girl got it for just 1% more.
Fruit juice Karen strikes again 🤣
She knew every single number and statistic about her company, and answered every question without hesitation. Impressive 👏🏻
also knew how to underpay staff and got caught
I love how they all always show respect and get up to shake hands after
"I'm wearing red today, for that reason I'm out.."
- Naomi
And she wears red always or does not change at all.
The lady in the red dress is always out, reminds me of jenny of dragons den.
game palace palace yeah the only difference is she’s not a bitch and Jenny is
You should see Barbra on the American shark tank
Red always mean no entry or stop.
Her name's Naomi by the way
@@mikeeddward7078 I think Barbara has invested more than Jenny. Jenny was out so many times, that she was outed herself... from the show.
All business aside, I think Andrew is very humane and fatherly person and feels for genuinely driven entrepreneurs...
she said " i am about to cry" but haven't seen any tears so far lol
This is actually one of the best I’ve ever seen.
David Munir I used to. I quitted cuz I got hacked 680 DLs 😂😂
Fruit Chopper R.I.P
Just read that this business was an utter failure and the woman has been fined $330,000 by sydney courts.
Ouch!!
Oh how this worked out lol
Underpaying employees, getting fined over $300k, didn't last too long.
Interesting. Did wonder. I wouldn't have invested, that type of business be gone soon.
@@OakApplegardens It know its hard to know, but as one of the sharks pointed out she's not making a profit. Her cost too acquire a customer was high, plus she had to cover the cost of the products she sent out plus she had overhead costs...its rough.
"Hi guys" - Kath Purkis 2019
4:42
It was totally creepy when she said that!
That "Hi guys" cracks me up ahaha its so awkward
I love your Zero Two Profile pic
@@coastaku1954 thank you!!
@@herlyjoycamilletan4519 I haven’t seen that show in a while but Zero Two is one of my 2 Best Girls~
@@coastaku1954 oh who is the other one?? Also me too!! Been wanting to rewatch it for a while but I got so caught up on attack on titan
@@herlyjoycamilletan4519 Rias Gremory is my other Best Girl, I have a friend who I RP with and he made her my Wife, I love both of them to pieces. I haven't rewatched it cause I don't have CrunchyRoll anymore sadly... Also, hate to say this but I was not a fan of Attack on Titan, that kind of action and setting just wasn't for me. I much prefer Futuristic stuff or car based stuff like Initial D
Steve: I'm out
The girl: Hi guys (Smiling to other Sharks)
😂
Kath Purkis have been fined a total of $329,133 by the Federal Circuit Court in Sydney for underpaying workers.
This already exists though. So many companies already do this
Theres a fishing one too where its $50 a month and get a box of lures
Holy shit, this girl negotiated an extra shark with expertise in the Australian market for only costing herself 1% more equity. Reminder: Andrew's offer was 15%, and she roped Jeanine in for 16%. She hardballed the shit out of them.
She was a con artist, got fined 250k for not paying her staff, rorted customers and much more. Seems sweet and innocent but not this chicky
Obviously didn't get mentored properly
Really? That's shocking, can you please tell me how you got these details?
@@abhijeetraut6427 That is what google is for.....when some one further down says the same just google the company name an it tells all..........
@@omar15964 Excuse me Mr. Unnecessarily Smart, I googled it and most of the links which had monetary amounts different than what mentioned in the comment, please keep mute if you can't be constructive
@@abhijeetraut6427 Remember, who asked the question , you did.............not being smart just being constructive and informative......hahahahaha
SHARKS in Australia are the nicest people out there.
She has been fined over $300000 for not paying employees....
Congrats you emploees get a raise from fulltime workers to unpaid.slaves.
Isnt that wonderful lol
Australian sharks are so respectful...I love it❤️
4:16 She looks so proud of herself that she asked a wee bit difficult question 😅
That girl is so beautiful and her red hair is just flawless
Pro tips: always provide a 'special' discount on your valuation of what the sharks are bringing to the table(contacts and expertise).
Although Shark tank videos are usually satisfying to watch,you come to realise why Warren Buffet invests in ONLY established companies with a market cap of $1Billion+. This is because for companies to reach such level it means they have; 1. A Moat. 2. A great management that handles debt well. 3. Stock is selling below intrinsic value. 4. Room for growth. 5. Most cases CEO has a big chunk of their wealth in the business hence will guide it properly.
Can ypu imagine how much money these guys made not just for doing the show but having the opportunity to be presented amazing invention investment opportunities
Except on this one that was ripping of customers by not supplying for months at a time
I actually like that the other sharks try to explain the deals to the pitching people
Shark Tank Austrailia seems to be more genuine and on the point plateform. Yes they have to follow the script of the shark tank entertainment business but still out of everything they are mainting the high standard between pitcher and investors. good job.
She's been underpaying her employees and was fined over $300,000 recently for this. There are a lot of responsibilities for anyone running a business.
Her fines seemed so much greater in proportion to the recent restaurant underpayments.
Sounds like a nasty piece of work
That was great to watch, so refreshing to see one of those pitching able to have a conversation like an owner / ceo, i.e. nailing the numbers without thought, not even a pause, really wanted her to get the deal..
They better have not done the deal ,her company got out of business
She was underpaying her staff, customers paying for monthly boxes but she wasn't sending out monthly and fined in excess of $300k
The Sharks say she had done fantastically and is a great business woman even though she evaluated her business at more than 1.6 million dollars with zero profits.
Australian Sharks are the best human I have ever seen in television. Fantastic people.👍
You're easily satisfied.
One of the best pitches I've ever seen! She has her head completely there!
Meth Productions she scammed many people so she’s not completely
there loll
@@aneveychavez6715 lol, thanks for pointing that out to me, I was unaware!
Meth Productions she did have a very good pitch but she lied about a lot of the stuff unfortunately. The company would have been amazing in the right hands
@@aneveychavez6715 Yeah, I agree on that!
Damn she struck gold with that knocked it down 4% at the end
Buisiness failed 300.000$ fine. 4% down but even worse investment
She was able to answer the questions openly 🙌🙌🙌
Never smiled so much at one of these episodes! Well done lads! Well deserved
We just have to say Andrew is the nicest and most brilliant guy ever
I liked that he gives the heads up that they asked for too much equity, before she came to the decision so she can negotiate 👌🏽
Glasses suited middle boss man
Heard about this Shark Tank show here and there and I thought they really put people and real shark in a tank to duke it out. Disappointed
Wouldn't cry just yet. I hear 90+ % of these deals made on the show never materialize.
I just saw this video today but somewhere I can't really explain but I thought, "How'd they pay their herfashionemployees?" And there I found a recommended post from somebody explaining the underpaid intern scam or fraud pulled off by the company which is agaunst the fair work policy in Australia. Man, Naomi was talking somewhere about it and was smart to pull out of it. Well, it won't hurt Andrew and her partner much.
I like the way she gave hug for that young and beautiful girl
Wow this is the first deal, I have seen on Shark Tank and Dragon Den, that the entrepreneur nailed every question with confidence, that the Sharks threw at her. She will do well with the Sharks covering the Australian & American markets!!!
Ya unfortunately she didn't. Someone said the deal fell through, but I didn't see any article about that, but there is an article about the business failing and being fined about 300,000 for unpaid salaries. So either way the business is no more.
@Ryan Morgan I mean the courts didn't see it that way. Even the quotes from the judge don't suggest that at all. It more so suggested that he understood she basically had no money and the punishment was somewhat harsh, but necessary.
@Ryan Morgan where did you see that? The article going around said absolutely nothing about charging customers multiple times and such, it literally only talked about the fine for not paying 3 of her workers. If you have a different article that has more then I would love to see it
@Ryan Morgan I see what you are talking about, but I am not sure how long that was actually going on for, it seems that basically every report I read is from the end of 2016 or beginning of 2017, which is around when the company actually shut down. Unfortunately business on their last leg will do a lot of bad business practices to just try and scrape what little time they have left. It is a very bad practice, no doubt about that, but I do question the idea of it being an outright scam. No doubt you are right when talking about when the company was going under. But I am not really seeing anything negative from before that.
I also don't actually see anything like her taking the money for herself personally. At least no official body has made any such finding. It is just as likely that basically everything was screwed up by the end due to her business simply going under. That is the biggest problem with those subscription businesses, they lose money constantly and basically hope to break even in like 10 years after starting up, but most can't possibly survive that long, and don't grow nearly enough or keep nearly enough subscribers. It is at the very least equally possibly that she put all of the money she had into the business and it simply wasn't enough. But the possibility that she took the money for herself is also still there of course. We just have no definitive way of knowing since it seems no official body has found any evidence one way or the other.
@Ryan Morgan yes you are right that those people definitely exist, but they don't make up 100% of the cases out there. I am just saying that we don't really know all the facts, so we don't really have any way of knowing for sure, so it is at list a little bit of a jump to start calling people scam artists and such.
I just believe in being fair, if a news group has actually done some digging and found some proof I would gladly make a more definitive answer. But unfortunately we don't have anything like that. Like I said you may be correct in calling it a scam, but we have no way on knowing. And I am also just pointing out that all of these things basically happened at the very end of the businesses life, so they don't appear to be something that was happening on a regular basis before hand. That at least, possibly, says a little bit about the company and maybe the situation.
This is neat! I love seeing the sharks finding a good deal for themselves while not taking too much of her business
This company ceased operations in 2017 afrer being slapped an Aud 300K fine for violating government regulations regarding employe benefits and salaries.
That was Andrew all the way, he kept saying she is worth backing and it was nice to see a owner come in knowing her worth and the value the sharks bring not just the capital
Just read that this business was an utter failure and the woman has been fined $330,000 by sydney courts.
That girl got lucky!
She came onto the show in the prime years of "Female Empowerment BS" And the sharks made a deal with a girl that has no profits, a broken business model, and a concept that can be easily copied.
This episode was like nails on a chalkboard and NOT a good example of being a business person.
Love how the others get up at the end and go ahhhh well done, hope for a kiss or hug and look like a loaner just standing there😂😂😂😂😂😂😂 teach them to invest next time😂😂😂😂😂😂😂
Can't believe they uploaded this... This women and the company got fined over $500000 for under paying workers between 2013-2015. She went on the show in 2016.
There was a media release from NSW gov warning people not to trade with the business.
Prove
@@MrMentalpuppy NSW Gov
www.finance.nsw.gov.au/about-us/media-releases/public-warning-do-not-deal-her-fashion-box
@@MrMentalpuppy Journalist report -
www.news.com.au/finance/small-business/shark-tank-fashion-startup-her-fashion-box-hit-with-330000-fine-for-unpaid-internship/news-story/e44763c7a21187c2d487e497b5b4ab21
Wow, yikes. And he wanted her training his daughter
@@MrMentalpuppy I thin it was his daughter training her as she was a celebrity stylist
Too bad this young lady didn't pay some of her employees and was sued for over 300k.
This girl knew her numbers and what she was talking about loved it !
She’s a scammer though. Hurt a small candle company
Double the price and make the boxes once every two months and they’ll be able to keep subscribers for four times the length of time. Monthly subscriptions work best with perishable” items like food and movies or services like gyms or car washes. They don’t work well for accumulating cheap stuff that just becomes clutter like clothes/purses. If a customer subscribes for 3 years, that’s 36 purses/scarves/sunglasses from one source. Are there really any women wishing they could have 15 pairs of Chinese-made sunglasses, 10 chinese-made purses, and 11 scarves?
Boxes that come every two months but double the price would keep revenue the same but probably lead to happier customers because the products are higher quality, curated better, and there isn’t a mass accumulation of stuff.
Since this was shot in 2019 - pre Covid. I bet with people staying at home her business is going through the roof and will continue to grow. She’ll be a millionaire in a couple of years.
It’s actually falling apart. Boxes are never delivered and they were fined for not paying employees
It’s from 2016
I love Glen and Steve talking other sharks down haha
A lot of prescription type business in the states is set up to screw the consumer. Sometimes stopping that company from withdrawing automatic monthly payments can take months, and raises the blood pressure. Is this how they operate in Australia?
Janine struggled with that. Very nice of Glenn to give her that advice. Personally I think that I'd have still done the 20% after they said yes to the 16% because they definitely know their shit and will be worth it.
reality is that she got Janine to team up with Andrew for 1% because she told her she is Fabulous, its sad that this business didnt work out in the end though because of legal issues
She is so promising, I wish her all the luck and Kudos to Andrew and Jenine. My love for 🦈 Tank Australia continues
Shame she got fined A$330,000 for under paying her workers and business went bust. Something about her wasn't right.
Really, That's so disappointing. People are at the heart of any business. You don't take care of your people, your business is foredoomed to failure.
Props to shark tank Australia for showing full segments unlike the American version.
My god they actually made a deal with someone
Yea i was getting fedup
And.... The company is no more
She’s now sold majority of her company to investors, worked for 2 years and hasn’t made a profit. It’s sad her desire to grow is making her investors rich. Maybe she can turn it around but it will take a miracle at this point
I think it was already failing by the time she got on this show. The company since accepted payments for months before delering products, failed to respond to requests to cancel subscriptions, failed to provide products that were paid for, and got fined $330000 for not paying employees. The company is no more. I imagine many of those problems already existed and were left out in the pitch
You are so much nicer than the American sharks.at least you give the people a minute to discuss the offers.i enjoy watching you all😁
Truly SICK of all these subscription companies who try and rip you off on a monthly basis.
If I want to buy something, I buy it.
6:16 and 6:55 the exact same clip of her saying “oh my god” The exact same clip.
I even took a 2 pictures and compared them it’s the absolute same.
Dougie
Nah
Just read an article that says she and her company have been sued for underpaying staff and the company shut down. Shame - she looked so impressive.
She also didn’t give out goods until months after, sometimes she never sent them. They weren’t as good quality as advertised and some arrived broken. She offered small businesses a chance to be in the box, but then she never put it in so they lost a lot of money. She was a a massive fraud
Sweet talker scammed good.
This company is out of business and all their reviews is bad. I think Andrew took her to Las Vegas not to meet with his daughter 😉
Yep, she got fined $300k for not paying employees and was sending out boxes quarterly and charging customers monthly
Lmao. Well. I cant blame him. She looks good enough to "fulfill the needs".
If female entrepreneur had Andrew and Janine as investors, why didn't they guide her? Her company was fined $330k for unpaid internships and underpayment of young workers. Glenn and Janine should have been mentors, not only investors
Because of money.
*Andrew and Janine
I don’t see how this is any different than all of the other subscription boxes out there?
She got the two best sharks for her. Steve might have been good two, but she made the right decision.
Didnt like the idea or business model but still surprised it was such a huge failure ,Never seen anyone pitch so well tho and sure she'll be back in business with another idea and make millions .
A failed fashion industry start-up that once scored a $200,000 deal on Shark Tank has been dealt a final blow after copping a massive fine for exploiting young workers.
Her Fashion Box and its sole director Kath Purkis have been fined a total of $329,133 by the Federal Circuit Court in Sydney for underpaying three workers more than $40,000 between 2013 and 2015.
what do you mean 2013-2015 this video literally came out an hour ago
www.news.com.au/finance/small-business/shark-tank-fashion-startup-her-fashion-box-hit-with-330000-fine-for-unpaid-internship/news-story/e44763c7a21187c2d487e497b5b4ab21
@@ssszou this Video is from 2016.
She did say "we aren't making a profit after wages" lol
Good. False economy, cost her 8 times salary cost in fine. She was underpaying them when she came on ST!!!. Paid herself a lot I imagine.
so damn sad that her business went under bcs she honestly seeemed so happy and proud of what she had done. Steve was right tho, it wasn’t the move and he couldn’t see how it would stay alive ;( rip herfashionbox
She was all smiles! I love that
With that smile she scammed all the investors.
I’m reluctant to give my friends 20 bucks but this manns
😂
shes probably using alibaba loool
Lets Talk About It Haha. I thought so too. It seems like a glorified dropshipping play. It's not as exciting of a business model tbh
5:13 Who else hears this voice crack 😂
Growddy big deal. Like yours hasn’t mate.
kvt nation stfu stop taking the joke to the ass and stop getting butt hurt he was joking is not like because the voice crack her carrier is going to end
😅😅
Sounds like Julia Gillard.
Shark Tank fashion start-up Her Fashion Box hit with $330,000 fine for unpaid internship
“Subscription boxes don’t last long”.
Ipsy:👁👄👁
I honestly think those boxes are hideous. I think things like this really appeal to people who love packaging. That's a big red flag to me as it's a bit of a sign she doesn't know her target market. Also, the bottles etc. Not very good for the environment. She'd do better to look at companies that have more sustainable packaging because that's where the world is headed. Or perhaps people can return the bottles? Something like that?
Maybe at the six month mark, you can chuck in a little something extra to keep them interested. Something more high end, so it's like a reward for staying loyal.
Even with that though, I think it's a novelty and would wear off quickly. A better idea would be a spa package where once a month, you get a spa treatment delivered in a box. Make up and fashion trends continually evolve but the idea of treating yourself is really the core of what this business is trying to sell and it expands across a much wider market in terms of ages and cultures. Luxury face mask, some Delicious chamomile tea, yummy body scrub bar, small sample high end perfume, bath salts, vanilla and lavender candle, hair mask, etc. Maybe a cheeky little wine with a niche boutique style dark chocolate in there. I'd fucking subscribe to that lmao.
I'm surprised that she managed to get such a decent offer. I feel like they need a much younger Shark in there to inject a modern perspective.
Finally a deal has been made
@Michael B Why would you call him an idiot?
Anyone else realised that shark tanks aus upload at the same time as dragon den...
4:43 that awkward silence killed her
The optimistic face of Jenine is painful to watch when you know she's gonna say " I'am Out" 😅😅
Anyone know if that subscription box is still around? Looked for it but last review I found was 2014.
brigmund freud she went out of business.. she wasn’t paying her employees and was fined $330,000. It was later found that she was scamming the customers she would charge them a monthly fee saying it was a monthly service but was sending them out quarterly.. and she wasn’t allowing people to cancel her service.
@@colin1528 Holy cow!! Seriously did not see that coming! Thanks!
brigmund freud right!! These subscription boxes are honestly a huge scam anyway..
i am fucking addicted to shark tank and my drug of choice is australia 🇦🇺 shark tank. i have watched every single video and am now repeating them for the third time roughly, some i’ve seen 4-5 times and others only twice, but every video has been watched 😂😂😂💀💀cuz fuck it, this show is too entertaining breh
She seemed so nice 😭 too bad that she underpaid workers or just flat out not pay them
To bad this didn't work out. Not only that, she's a real piece of work! WOW she's gotten her self in a lot of legal trouble.
Update: Her Fashion Box failed. Bad business model plus she was underpaying some of her workers.
"I'm sure I can be a good advocate for you. I'm out". ???
Imagine Elon Musk came on this show 10 years ago and everyone rejected him
Elon is a modern day cult leader. His vision of populating other planets is nutty. I look forward to watching his dreams die.
@@JosedeJezeus is it because he sold his own bitco
He was a lot richer than those sharks back then
@@carltonmascarenhas i am annoyed by Elon because he is too afraid to research and talk about the UFO phenomenon... But he thinks he's going to lead humanity off the planet?
to me, he is a coward, and I haze ZERO respect for cowardly people.
The UFO\Alien abduction phenomenon is a REAL *scientific mystery,* .. I do not like people who claim to be leaders, but lack the courage to speak on life's greatest mystery.
Elon has the support of old people who dream of being astronauts all their life. These people worship him because they believe Elon will make their dream come true.
Elon believes the destiny of human kind is to colonize planets... I don't believe that. I believe the destiny of human kind is to live in space on ships as explorers, and that's my explanation for the UFO phenomenon: we are being watched by advanced human beings who live in space on ships as explorers.
@@JosedeJezeus wat?