Did Dragons Den invest in Trunki?
One of the most successful UK Dragons’ Den rejects ever, Rob Law asked for a £100,000 investment in Trunki, his ride-on children’s suitcase business back in 2006.
What happened to Trunki?
The founder of Trunki suitcases has predicted “chaos” after his company lost a court battle with a rival over product design. Magmatic – which sells the children’s ride-on cases decorated to look like animals or insects – lost out in a Supreme Court ruling.
How much is Trunki business worth?
The maker of Plymouth’s famous Trunki ride-on suitcase has seen profits rise and sales hit a record £9.5million thanks to strong demand in Europe and even further.
What dragons were in Trunki?
Inventor Rob Law MBE came to public attention in 2006 following an appearance on BBC2’s Dragons’ Den programme in which panellist, Theo Paphitis, tugged and broke the strap of a sample Trunki. Dragon Richard Farleigh then made an offer of £100,000 for 50% of the company, an offer which Law rejected.
What happened when Trunki was presented to the dragon’s in the Dragon’s Den?
Trunki is a brand of ride-on/carry-on hand luggage for children designed by Rob Law. In 2006, Rob appeared on Dragons’ Den and was left humiliated when Theo Paphitis pulled the handle of one of his colourful ride-on children’s suitcases and it broke, causing the other Dragons to question the quality of the design.
Is Trunki still successful?
Since launching in May 2006, Trunki has sold over 2.8 million suitcases in over 100 countries across the globe. Celebrating its 10th anniversary this year, the company has won over 100 awards and Rob was awarded an MBE in 2011 for Services to Business.
What was the value of Trunki in dragon’s den?
Despite Rob offering 10% of Trunki for £100,000, Richard Farleigh stated he wanted half for the same amount. Rob (rightfully as it turns out) declined Farleigh’s offer and walked out with nothing. Trunki was valued at £13m in 2013.
Who was the reject on Dragons Den in 2006?
An inventor has become the ‘Dragons’ Den’ most successful reject – after selling two million sit-on suitcases. Entrepreneur Rob Law came up with his idea for the Trunki in 1997 but was turned down when he appeared on the BBC show in 2006.
What did Theo break on dragon’s den?
He introduced the merchandise as a suitcase ‘todllers can pack, sit on and ride… while parents can keep their children in tow.’ But Theo got hold of the product and managed to break one of the straps, leading the rest of the Dragons to question its quality.
When did Rob Law come up with the Trunki?
Entrepreneur Rob Law came up with his idea for the Trunki in 1997 but was turned down when he appeared on the BBC show in 2006. Despite the rejection, he invested thousands of pounds into developing the product and it is now very popular baggage item among families.