How much is Forus Athletics net worth?

How much is Forus Athletics net worth?

FORUS’ athletic apparel pioneered a new type of shoe insole. The PolarMax 6 insoles absorb shock and provide a snug fit throughout the entire foot. Previously, Forus Athletic Shoes sold lightweight running shoes. By providing lightweight, flexible, and comfortable running shoes, Forus Athletics Shoes revolutionized the market. The shoes helped to relieve muscle and joint pain. The brand Forus Athletics was founded in 2010 by Joel Vinocur and Arsene Millogo.

Forus Athletics net worth: Valuation 2015

Forus Athletics net worth

The brand FORUS’ athletic used to sell lightweight running shoes. Producing the shoes costs between $11 and $13. Depending on the region, they offered the shoes wholesale for $35 to $50. Forus Athletic Shoes distributed in Taiwan, Holland, and Africa by a number of wholesalers and independent sales agents.

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 In April 2015, the two founders, Joel Vinocur and Arsene Millogo, pitched the shoe brand on Shark Tank. They made their first appearance in the 629th episode. They went into the Tank looking for a $200,000 investment in exchange for 15% equity. The Forus Athletics net worth was $85,066,725.

During the Shark Tank episode, Arsene revealed that their sales had hit $500,000 in six months. Their sales forecast was 2.5 million dollars, according to the assessment.

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What is Forus Athletics known for?

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Forus is known for making the most comfortable walking, jogging, and workout shoes on the market. Forus designed shock-absorbing, breathable shoes that were both lightweight and shock-absorbing. The shoes have a strong, solid design that is only a tenth of the weight of other shoes and provides unshakeable support. Simply exposing the Forus shoe to light can be used to determine the amount of light and air that passes through it.

Forus Athletics After Shark Tank: Is the company still in business?

Forus Athletics founders
Founders of Forus Athletics in Shark Tank Source: Instagram

Forus experienced substantial customs complications, resulting in multiple unfulfilled shipments and dissatisfied customers. They are still taking orders but do not appear to be able to fill them. The Shark Tank Blog is constantly updated with news and follow-ups on the Shark Tank television show’s entrepreneurs. Despite receiving payment from clients, they have not sent items and have not updated their social media pages since October 2015.

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Herjavec and John, on the other hand, did not invest. The entrepreneurs left the Tank without reaching an agreement. Following Shark Tank, the BBB received complaints concerning customer service, delivery, and refund issues. The company is no longer in business.

Following Forus’ demise in October 2015, Vinocur joined Oracle as a sales manager and is now a manager in corporate sales at Grubhub, according to LinkedIn.

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