Forus Athletic Shoes used to be really famous for their light running shoes. They changed the way people thought about sports shoes with their new and clever designs. Let's take a closer look at the story of Forus Athletics, from when it started to when it closed down.
Vision of Forus Athletics
Forus Athletics doesn't just make shoes; They truly care about making the best athletic shoes. They want their shoes to be extremely comfortable, stylish and long-lasting. Forus Athletics wants to create shoes that are great for all types of athletes and people who enjoy sports and other activities.
Forus Advantage
Forus Athletics Shoes became really famous after they appeared on Shark Tank. People loved how comfortable and stylish they were. These shoes are designed to be great for runners, athletes, and anyone who wears them every day. They work really well and can even help with muscle and joint pain.
Innovative Design for Optimal Performance
Forus Athletics shoes have a simple style. They have fewer parts, making them lighter and more flexible. This kind of design is great for activities like running and sports because the shoes feel comfy and move easily with your feet.
Forus Athletics Shoes Key Features
- Breathable Cushioning: Forus shoes are made with special breathable materials. These materials help to keep your feet cool. They also protect your feet from getting hurt during workouts.
- Enhanced Stability: The rubber bottom of the shoe keeps you from slipping. It helps you stay balanced when you run or play sports.
- Shock Absorption: The PolarMax 6 insoles absorb shock. They make your feet feel comfy. They give support to your whole foot.
Forus Athletics Journey on Shark Tank
Joel Vinocur and Arsene Millogo were on Shark Tank. They talked about their shoe company, Forus Athletics. They had an awesome product. They sold a lot of it. But, they struggled to find investors. Investors didn't want to give them money. This made it hard for them to send their shoes to stores and run their business smoothly.
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Downfall
Forus Athletics started strong but struggled later in the competitive shoe industry. They faced issues getting their shoes to stores. It was hard to keep track of how many they had. They struggled to send them to customers. Due to these problems, Forus Athletics closed in 2015.
Forus Shoes Net Worth
When Forus Athletics went on Shark Tank, they were worth $1.33 million. This was how much the company was valued at during the show. Despite their potential, they faced issues that prevented them from becoming more successful.
| Category | Value |
|---|---|
| Net worth | $1.33 million (2015) |
| Annual Sales Revenue | - |
| Profits | - |
| Lifetime sales | - |
| Investor | None |
| Founder | Joel Vinocur and Arsene Millogo |
| Employees | - |
Shark Tank Forus Athletics Shoe Update
Joel Vinocur and Arsene Millogo took their cool shoe company, Forus Athletics, to Shark Tank. Their shoes had special gel and memory foam inside to make them super comfy. The Sharks liked the shoes a lot. Robert Herjavec tried them and found them really comfy.
Forus Athletics made a lot of money from selling their shoes. They spent $11 to $13 on making one pair. Then, they sold them to stores. The stores bought them for $35 to $50. Then, the stores sold them for $75 to $85. The Sharks were very interested when they found out Forus made $500,000 in sales. They heard about this just before the show.
Even though the Sharks were interested at first, they decided not to invest. Lori Greiner thought there were lots of shoe companies already. Kevin O'Leary was worried about selling and advertising the shoes. Mark Cuban didn't want to invest because he already had deals with other shoe brands.
Robert and Daymond were the last hope, but they also said no. So, Joel and Arsene had to leave Shark Tank without a deal. Sadly, Forus Athletics didn’t last long after that. By the end of 2015, Forus Athletics shut down. Joel and Arsene started new projects. That’s the end of the story for Forus Athletics.
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Conclusion
The Forus Athletics story shows that starting a business can be tricky. Sometimes, no matter how good your ideas are and how much effort you put in, things beyond your power can impact how successful your business is. Forus Athletics shows us that running a business is not that easy. It teaches us to stay strong and keep pushing forward, even when things are hard.
