After ShopHQ’s troubled parent, iMedia Brands, declared bankruptcy this past summer, the home shopping network found an unlikely savior in Manoj Bhargava, billionaire founder of 5-Hour Energy and owner of more than a dozen other businesses. Bhargava bought iMedia for $55 million and now aims to supercharge the brand with a slew of new products, aiming to triple revenue over the next two years. He has no plans to move the company from its Eden Prairie HQ. “We’re actually putting a huge amount of capital into it so they’ll have more inventory than they ever had,” says Bhargava. “This is huge fun.”

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