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OHMME productDeal made in the Den

Season 16 · Episode 12

OHMME

men's yoga clothing made from recycled fabric

A season 16 Dragons' Den pitch, OHMME is behind men's yoga clothing made from recycled fabric. We dig into what came after the episode.

The ask£80,000for 20% of the business
Implied valuation£400Kask / equity
On-air resultDeal agreed
Wound downFounder: Louis d'Origny

The pitch

What walked into the Den

Louis d'Origny brought OHMME to Dragons' Den in season 16, which aired in 2019.

In the pitch, OHMME asked the Dragons for £80,000 for 20% of the business, valuing the business at about £400,000.

After the show

What happened next

A deal was agreed on air for OHMME.

Our read

The Hub verdict

Sustainable menswear met the Den when Louis d'Origny pitched OHMME, a men's yoga line cut from recycled fabric. He sought £80,000 for 20 percent, valuing the label at £400,000, and Peter Jones backed it. On the ask alone, £400,000 is a bullish tag for an early apparel brand, leaning on the recycled-fabric angle to justify the premium. Clothing is a working-capital business before it is a brand, though, so the cash in a deal like this does more work than it would elsewhere.