Tuesday, July 7, 2015

The Profit - The Lano Company Update

Tonight on The Profit Marcus Lemonis is in Kansas City, Missouri  with hopes of making a deal with The Lano Company.  The Lano Company is a cosmetic company that uses lanolin in its lip balm products.  The company grew from owner Miranda Coggin's kitchen in 2005 into a business with over $3 million in revenue.  Despite the high sales, the owners keep expanding into new products and have issues with their branding.  The Lano Company is currently making a profit, but believe they have a lot of room to grow.
Let's take a look at some information related to The Lano Company as well as what kind of deal was made on the show.