Forus Athletics Secures $48,000 Investment After Shark Tank Flop
Forus Athletics, a struggling athletic gear manufacturer, has received a lifeline after three years of production woes. The company, once considered one of Shark Tank's biggest flops, has secured a $48,000 investment. Despite failed business practices and unfulfilled orders in the past, Forus Athletics is known for its high-quality, comfortable, and innovative products.
Founded by Arsene Milogo, Forus Athletics specializes in technologically advanced sportswear. Its signature product, ultra-light running shoes, weigh less than 10 ounces and feature a shock-absorbent inner sole for comfort and stability. The shoes also provide tension relief and aid in reducing joint and muscular discomfort.
Arsene Milogo and co-founder Joel Vinocur appeared on Shark Tank episode 629, seeking $200,000 in investments. They showcased their investment requirements and wholesale prices to capture audience interest. Despite their initial struggle to secure investment, Forus Athletics has now received $48,000. Milogo, who aims to make Forus Athletics a top national and international manufacturer, also donates 15% of the company's total earnings to children's charities.
Forus Athletics, despite its past struggles and failed business practices, has received a much-needed investment. The $48,000 will help the company continue manufacturing and launching its innovative, high-quality athletic gear. With Arsene Milogo's vision and commitment to charitable causes, Forus Athletics looks to bounce back and make its mark in the athletic gear industry.
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