“Holiday Special” episode 512 of Shark Tank features two Beverly Hills bombshells, Melissa Barone and Rachel Bernstein, introducing Cashmere Hair, a line of beautiful hair extensions for women.
The idea of Cashmere Hair extensions was created by Melissa, a “Celebrity Hair Stylist” in Beverly Hills, and Rachel, who works as a Makeup Artist and Model in Hollywood, to have thicker hair for photoshoots.
They decided to enter the commercial world after receiving many accolades and inquiries.
It is a richer, more luxurious appearance because Cashmere Hair extensions are created from 100% Remy human hair.
Hair with Remy cuticles has a richer, more luxurious appearance because of their still intact cuticles.
Clips and styling from Cashmere Hair are also exceptional, making them the Rolls Royce of hair extensions.
The company has been operating since April 2013, and its products are available directly through its website.
They’re most likely seeking Sharks to assist them in getting their products into high-end salons across the country.
What Is Cashmere Hair?
Cashmere Hair manufactures premium-quality hair extensions that are applied and removed using a patented clip-in technology that is easier and safer than any other system available.
A Beverly Hills-based company called Cashmere Hair features 100% human hair extensions available in various tones to suit any woman’s needs.
You can also trim and shape cashmere hair extensions to give them a personalized appearance and ensure that they blend seamlessly with a woman’s natural hair.
Cashmere Hair specializes in high-quality hair extensions for both men and women in California. The company offers simple clip-in extensions that can be used right away.
The invisibility of cashmere hair extensions allows you to enhance your natural hair while adding the fullness you’ve always wanted. The extensions are made entirely of Remy human hair imported from India.
They’re invisible, so they blend in seamlessly with your natural hair, and they’re comfy and simple to wear. You can find cashmere hair in a variety of colors and textures.
|Company Name||Cashmere Hair|
|Entrepreneur||Melissa Barone & Rachel Bernstein|
|Product / Business||Hair extension clips of high-quality|
|Investment Asking For||$45,000 for 15% equity in Cashmere Hair|
|Final Deal||No Deal|
|Episode||Season 5 Episode 12|
|Business Status||In Business|
Who Is The Founder Of Cashmere Hair?
Cashmere Hair was founded in 2013 by Rachel Bernstein and Melissa Barone. The former hairstylist Barone and the former makeup artist and model Bernstein have worked in the Hollywood entertainment industry.
Cashmere Hair continues to prosper under their leadership, as they both serve as CEOs.
Bernstein and Barone took advantage of their inability to find a high-quality hair extension that suited their standards after realizing they needed thicker hair for photoshoots.
When they thought about other women who had the same problem of being unhappy with their natural hair, they realized they needed to find a solution.
They then became entrepreneurs and built their line of high-quality extensions from scratch.
After many trials and errors, they stumbled upon what they were looking for and began wearing it in public for the first time. The compliments continued to pour in, so they decided to develop Cashmere Hair.
Cashmere Hair Before Shark Tank
Despite not having profound knowledge about hair extensions, I know those hair extensions are a bad cosmetic supplement that ladies may use to fill out their hair and enhance their appearance.
The opposite is true for hair extensions, which can become incredibly unpleasant quickly. They may also not guarantee a quality purchase.
It aims to bring its product to ladies in every salon across the globe, starting in the United States, with the help of the Sharks on Shark Tank.
Cashmere Hair offers an innovative take on hair extensions, looking for funding from the Sharks to bring their product to the market.
How Was The Shark Tank Pitch Of Cashmere Hair?
Rachel and Melissa appeared on Shark Tank seeking an investment of $45,000 in exchange for a 15 percent share in Cashmere Hair.
Melissa states in response that “all women have faked it once or twice, especially when it comes to beauty.” Rachel then announces that she is “going to undo it.”
The following video shows how to remove and reattach her hair extensions after removing them from her hair.
The Sharks inquired about the cost, and there were no problems with their request. The girls say they’ve been in business for six months and have sold $38K worth of merchandise.
Mr. Wonderful brings up the idea of “false advertising”; Melissa asks, “Why doesn’t it go from an 8 to a 10?”
However, Robert is interested in knowing how they plan to expand and advertise. Cashmere Hair parties are becoming increasingly popular among the ladies.
Mark decides that the company is not suited for investors, so he closes the business.
Lori inquires about the pricing, and Rachel responds that the greater price is due to the higher quality. Kevin then leaves the room.
Daymond claims that Cashmere Hair is all about marketing and that the females do not want his assistance with their hair.
Lori and Robert agree that the notion of a “hair party” is a good one, but Robert decides to go out.
Lori realizes that she will have difficulty getting ahead of her competition, so she leaves.
Mrs. Wonderful inquires, “Where can I locate a woman with actual hair?” as Rachel comforts Melissa, who is crying in the hallway.
What Happened To Cashmere Hair After Shark Tank?
Cashmere Hair continues to operate as an online business despite closing the store.
The company has established social media accounts on Facebook, Instagram, and Twitter.
Cashmere Hair does not have any specific sales figures, but they are doing well since their website offers a $20 discount with the code “SPRING2016.”
Cashmere Hair was still likely affected by the Shark Tank effect with or without the Sharks, and they must have strong sales to remain in business, even though their profit margins are extremely high.
Cashmere Hair Shark Tank Update
Cashmere Hair continues to grow in strength and quantity despite the blow they received on Shark Tank. The company’s website continues to sell the line well on the internet.
You can find instructions and recommendations on the site’s homepage about caring for expensive hair extensions.
The ladies have added several accessories to keep the extensions safe as they travel, including holders.
Cashmere Hair seems to have established a foothold in the premium hair extensions market even without a Shark agreement and is a firm that is poised for growth.
Cashmere Hair is still operating as of April 2022, and it generated $5 million in annual sales.
Is Cashmere Hair Still In Business?
According to its website, cashmere Hair uses small clips with a silicone strip that does not harm the hair or scalp.
It is possible to style and wash them just like your own hair since they are made of 100 percent Remy human hair. You can also flat iron and curl them just like your own hair.
Cashmere Hair appears to be doing well since their appearance on Shark Tank because they effectively use social media for marketing their business.
They have a wide network of contacts, undoubtedly resulting in increased sales for the Beverly Hills-based company.
Cashmere Hair is still in business as of April 2022, with annual revenue of $5 million.