Traditional Christmas tree hooks and hangers can result in broken ornaments and lost memories during the holiday season. The Naqvi family appeared on
If you’re short on time, here’s a quick overview of what happened to Ornament Anchor after
The Naqvi family appeared on
Shark Tank Ornament Anchor Update
- Entrepreneurs: Sofia, Amanda, Ayaan, Hamza, and Mika’il Naqvi
- Business: Secure ornament hangers
- Ask: $90,000 for 5% equity
- Result: No deal
- Shark: None
In this holiday-themed episode, the Naqvi family showed up with the Ornament Anchor, a special type of hanger that helps save precious family ornaments.
Ornament Anchor hooks hold up to 10 pounds! Our premium hooks keep your favorite ornaments secure and in place with an adjustable fastener. There is no Christmas decoration too heavy for our hooks.
The family of five are no strangers to
This hanger is securely attached to tree branches so that they can’t fall off — a simple, yet ingenious solution thought up for a school project.
In 18 months, Ornament Anchor made $500,000 in sales — including some sales in June, which is remarkable for a Christmas product.
A bag of 24 hangers retails for $24.99 with 94% profit margins for the family. They were in Target and Nordstrom at the time the episode aired but were securing other POs as well.
Before long, the sharks weigh in with their thoughts.
Considering that they’d been there before, Mark Cuban thinks they’re in the business of getting on TV. There are too many moving parts and they have too many businesses. So, he drops out.
Kevin O’Leary follows, saying he thinks the product is extremely seasonal. He doesn’t want to invest in a seasonal product, so he goes out.
Next, Daymond John says that the product is not for him, either.
Lori Greiner finds the family impressive. However, it’s not a big enough product with a broad enough appeal for her to invest, so she drops out.
This leaves Barbara Corcoran. She states that the product is too overpriced for her, and she is concerned that they are hopping from business to business. Therefore, she drops out, too.
Ultimately, Ornament Anchor leaves
In our Ornament Anchor update research, we found that the hangers were in Target and Bed, Bath, & Beyond immediately after the show aired. However, it looks like they’re currently only on sale through Amazon and QVC in addition to the company website.
The hangers are featured in a lot of publications as a popular holiday solution, as well.
According to the Ornament Anchor website, they have over 100,000 customers, which equates to around $2.5 million in sales — not bad for a seemingly simple holiday solution!
With such an enthusiastic family of young entrepreneurs, we’re sure that our next Ornament Anchor update will show continued success for the Naqvi family, even without the support of a shark.
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Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!