While a lot of teenagers are spending their time doing homework, talking on the phone, hanging with their friends at the mall or making their latest Snapchat video, one 15-year-old inked a lucrative licensing deal worth $6 billion this year
History
Moziah “Mo” Bridges is a young entrepreneur who was born and raised in Memphis, Tennessee, where he founded Mo’s Bow that manufactures handmade bows and neckties. He began his bowtie company, Mo’s Bows, at the age of 9 in 2011 making his own bowties shortly before the company’s founding.
Shark tank Tv show trivia
Moziah and his mother, Tramica, appeared on Shark Tank in 2014, and there they met entrepreneur and fashion mogul Daymond John, creator of FUBU, who invested in the teen’s business. Moziah was only 12 years old at the time, but he made a big impression, and John used his own network and connections to help take him to the next level.
With John’s help, the Mo’s Bows brand landed on the shelves of luxury retailers like Neiman Marcus and Bloomingdale’s, and sales exploded. At the same time, people began to take notice of Moziah himself, and the young man was invited to the White House by then-President Barack Obama and named one of Time magazine’s most influential teens of 2015.
Birth of the expected $6 billion in revenue
NBA initiated a licensing partnership with Bridges this year, granting him the rights to manufacture his products with NBA logos and distribute them through the company’s online store as well as retail outlets. According to Forbes, Moziah signed a deal worth seven figures with a league that is on track to make $6 billion in revenue this year—and that is all thanks to a little bit of hustle.
“My goal has always been to make Mo’s Bows a household name for kid entrepreneurship and men’s accessories,” Moziah told Forbes. “Partnerships like this one will help me reach my goals of having a full clothing line by the time I graduate from college. It feels really good to know a major company like the NBA believes in me and my vision to shake up the world through fashion.”
At 15, Moziah Bridges is already the best dressed in the room, brightening up an event with his. Keep your eye on Moziah Bridges; this young man is definitely going places.
