Lipstix Remix Shark Tank Update

What Is Lipstix Remix?

LipStix ReMix is a firm best recognized for its best-selling LipStix ReMix kit.

This LipStix ReMix kit comes with a patented system that allows you to take the bottom third of bullet lipstick tubes or the portion anchored to the tube, repair or melt broken lipsticks, and mix colors and formulations to create custom shades and textures.

Lipstix Remix Shark Tank Update

This is performed by using a microwave and a home freezer to melt and then remold the lipstick.

Company NameLipStix ReMiX
EntrepreneurJill Quillin
ProductRepair or reuse broken or melted lipsticks
Investment Asking For$105,000 for 30% equity in Lipstix Remix
Final Deal$105,000 for 50% equity in Lipstix Remix
SharkKevin Harrington, Barbara Corcoran, And Daymond John
Episode Season 1 Episode 13
Business StatusOut Of Business
WebsiteVisit Website

Who Is The Founder Of Lipstix Remix?

The founder of LipStix ReMiX is Jill Quillin, a working professional and beauty enthusiast.

She earned her bachelor’s degree in Speech Communications in 1997 at the University of Tennessee-Knoxville.

LipStix ReMix and Divine Innovations, LLC, which she has led since 2005, were created by her.

Divine Innovations remains her company, as she served as president for almost 16 years.

Lipstix Remix Before Shark Tank

Jill Quillin created Lipstix Remix. Jill is a self-proclaimed facial cosmetics enthusiast who tries to maximize the use of every lipstick she purchases.

Typically, up to one-third of the lipstick inside a lipstick tube keeps the product in the tube.

The overwhelming majority of people know this outrage, but not much can be done about it.

The only genuine answer is to groan as you discard yet another half-empty tube.

She realized how bad this was and decided to make a cosmetic kit that would allow the other lipstick fiends to enhance their experience and experiment with it.

When Jill first launched the Lipstix Remix firm, she began manufacturing the kits herself.

The goal originally was to work from home to be able to spend more time with her family. However, she has encountered several obstacles.

She has difficulty obtaining enough advertising as most of her product is marketed to women, so educating her target audience is difficult.

Thus, she appears on ABC’s Shark Tank to secure a marketing and financing arrangement that will help her business get traction.

How Was The Shark Tank Pitch Of Lipstix Remix?

Quillin appeared on Shark Tank requesting an investment of $105,000 for 30% equity in her LipStix Remix.

Virtuix Omni Shark Tank Update

Kevin Harrington, Barbara Corcoran, and Daymond John all together offered $105,000 for a 50% equity in Lipstix Remix. Quillin was delighted and happily accepted the offer.

Final Deal: Barbara Corcoran, Kevin Harrington, and Daymond John agreed to invest $105,000 For a 50% stake in Lipstix Remix.

What Happened To Lipstix Remix After Shark Tank?

After appearing on Shark Tank, Jill Quillin was able to achieve some success by creating Lipstix Remix with the help of the Sharks.

They performed admirably for a while, and sales increased. The manufacturer had to discontinue the lipstick kits due to an incident in 2013.

Lipstix Remix Shark Tank Update

It was announced that she would no longer be selling kits on her different social media platforms, but she expressed appreciation for all her support.

Lipstix Remix Shark Tank Update

The transaction between Lipstix Remix and the Sharks was never completed. 

Lipstix Remix is out of business as of June 2022.

This lipstick-recycling housewife may have retired from fishing after hooked three sharks on Shark Tank.

Is Lipstix Remix Still In Business?

Lipstix Remix is out of business as of June 2022.

LipStix ReMix’s CEO Jill retired from the brand in 2011, and according to remarks posted on the brand’s social media sites, they discontinued sales of their line of kits in the first quarter of this year.

However, Jill or any other company rep did not provide a clear explanation of why LipStix ReMix had to close its doors, except to express its gratitude to its consumers and followers for their continued support.

TableJacks Shark Tank Update

Patent ownership remains with Jill for the concepts that originally went into the kits, and while similar products are available on the market, none are quite as comprehensive as hers.

She also has an advantage if she chooses to resume selling LipStix ReMix in the future.

There is a possibility that she will discontinue the kits at some point, but it is more likely that a competitor will emerge with a similar product designed differently.

What Is the Net Worth Of Lipstix Remix?

The valuation of Lipstix Remix was $350,000 when it appeared on Shark Tank. The net worth of Lipstix Remix is unknown as of June 2022.

You May Also Like