The Best Pocket Square Holder - Shark Tank Update

The Best Pocket Square Holder - pocket square holder

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Season 10, Episode 21 Founded by Cedric Cobb In Business

The Best Pocket Square Holder Details

Shark Tank Episode Details

Founders Cedric Cobb
Air Date 2019-04-28
Season & Episode Season 10, Episode 21
Initial Ask $250K for 15.0% equity
Deal Details Got deal: $200K for 0% equity from Daymond John
Estimated Yearly Revenue $3 million
Estimated Net Worth (4x estimated revenue) $12 million

The Shark Tank Pitch

Men's fashion precision met entrepreneurial innovation when Cedric Cobb identified the universal problem of pocket squares losing their shape, falling out, or looking disheveled throughout the day, inspiring him to create The Best Pocket Square Holder - a meticulously designed accessory that keeps pocket squares perfectly positioned and styled. Working with a team of 10 seamstresses in St.

Louis under his mother's supervision, Cobb built an American-made business that had already sold 52,000 units and generated nearly $400,000 in revenue, with each unit retailing for $19.99 while costing only $3.40 to produce, demonstrating both strong margins and solid market validation. His business model cleverly balanced direct-to-consumer sales through his website, Amazon, and Etsy with wholesale operations at $7.50 per unit that comprised 70% of total sales, while also capitalizing on live events like church conferences where his product's message of personal presentation resonated strongly with audiences.

Seeking $250,000 for 15% equity and valuing his company at $1.67 million, Cobb entered Season 10 with an impressive celebrity endorsement from retired NFL star Ray Lewis as his business partner, plans to centralize manufacturing to reduce costs by 40%, and a compelling personal story about how proper presentation and attention to detail can transform both appearance and confidence for the modern gentleman.

Where Are They Now?

Daymond John recognized the potential in Cobb's American-made menswear accessory and offered $200,000 for 0% equity plus a $1 royalty per unit in perpetuity, beating out Kevin O'Leary's competing offer and providing capital without diluting ownership, though the deal ultimately never closed for undisclosed reasons that may have involved the ongoing royalty structure complexity. Rather than being discouraged by the failed partnership, Cobb strategically rebranded his company as Best Wardrobe Solutions and expanded far beyond the original pocket square holder concept, developing a comprehensive product line that includes pocket squares, rounds, lapels, bow ties, socks, shoes, and a specialized Groomsmen Shop targeting the lucrative wedding market.

The business demonstrated impressive staying power and growth by maintaining its commitment to quality American manufacturing while successfully transitioning from a single-product company to a full-service men's fashion accessory brand, continuing to serve customers through Amazon and select independent men's retailers who appreciate the quality and craftsmanship. We found that Best Wardrobe Solutions has grown to approximately $3 million in annual revenue, proving that sometimes the most successful businesses are built by entrepreneurs who maintain full ownership while using television exposure as a validation platform, with Cobb's focus on quality, American manufacturing, and comprehensive customer solutions creating a sustainable competitive advantage in the crowded men's fashion accessory market.

Revenue

$3 million

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