The Handbag Raincoat is a protective plastic and yet chic cover that protects women’s handbags. The two entrepreneurial sisters behind the product, Morgan (nee Sarner) George and Arley Sarner of Englewood Cliffs, New Jersey, are pitching their fashion accessory business on Shark Tank on November 18. While wearing matching pink t-shirts, jeans and white sneakers, the in-sync Sarner Sisters give a memorable presentation — and yes, they get wet in the rain. The Sarner sisters, or as they call themselves The Shark Tank Weathergirls, are seeking an investment of $300,000 in exchange for 25 percent equity in The Handbag Raincoat. This is not a novelty item: many women pay hundreds of dollars, sometimes thousands, for one handbag. Paying $11 to $20 to protect a $500 luxury item is a smart investment.
It’s been an exciting year for the Sarner family. Just one week prior to the airing of their Shark Tank episode, Arley got married. (Morgan got married in 2017.) Their father, retired cosmetic and restorative dentist Dr. David M. Sarner, walked both down the aisle. Dr. Sarner, who had offices in Manhattan, East Meadow, NY, and Wayne, NJ was the team dentist for the New York Jets. Prior to working on Handbag Raincoat, Arley was a special events program manager for the non-profit organization, Boomer Esiason Foundation. (Esiason played with the New York Jets from 1993 to 1995.) Of the sisters, Morgan is the one with the fashion merchandising experience: she worked with handbag super-designer Rebecca Minkoff for five years.
However, it’s the Sarner sisters’ mother, Rhonda Collins-Sarner, who holds the five patents for The Handbag Raincoat. The Handbag Raincoat is really a family affair. Mother Rhonda is president of the business while father David is CEO. New episodes of Shark Tank air Sundays at 9 pm on ABC, right after Dancing with the Stars: Juniors. [Related: 27 Favorite ‘Shark Tank’ Products at Amazon]