Fashion Nova is a Los Angeles–based fast-fashion brand best known for ultra-trend-driven apparel promoted by celebrities and influencers and sold primarily online. The company was founded in 2006 by Richard Saghian, who remains its chief executive and controlling owner.
Fashion Nova itself confirms it has been “privately owned and operated by CEO Richard Saghian” since inception; major business outlets have likewise reported that Saghian owns the company outright.
Ownership Status of Fashion Nova
| Shareholder / Owner | Ownership Percentage | Notes |
|---|---|---|
| Richard Saghian (Founder & CEO) | Not publicly disclosed (widely reported as 100% as of 2022) | Privately held, founder-controlled company; Fashion Nova states it is privately owned and operated by Saghian. |
| Outside investors | — | No public disclosures of institutional equity or public listing; Fashion Nova remains |
Because Fashion Nova is a private company, it does not file a public cap table; however, credible reporting and the company’s own “About” page indicate founder control and no outside ownership disclosures.
About the Owner(s)
Richard Saghian built Fashion Nova from a single brick-and-mortar shop in Los Angeles into a digital-first powerhouse by leaning early into Instagram-led influencer marketing and rapid product drops. Profiles from Forbes and other outlets describe a business generating billion-dollar-plus annual sales, with Saghian’s net worth tied directly to his ownership of the company. In March 2022, the Los Angeles Times also referenced Fashion Nova as a privately held company owned outright by Saghian. Beyond fashion, he has made headlines for major Southern California real-estate purchases, including the Bel-Air mega-mansion known as “The One.”
When & how he acquired ownership: Saghian founded Fashion Nova in 2006 after working in his family’s apparel shop, opening the first store in Panorama City and launching e-commerce in 2013. The brand scaled by posting and promoting new looks on social media multiple times per day, then expanding into curve, menswear, and beauty capsules.
Recent changes in shareholding: There have been no announced equity sales, IPO filings, or investor entries that would alter founder control. Media coverage through 2024–2025 continued to characterize Fashion Nova as privately owned under Saghian while reporting on the company’s new Beverly Hills headquarters purchase and his personal real-estate transactions.
Company Overview
Fashion Nova designs and sells trend-led womenswear, menswear, and curve lines, with a small footprint of physical stores in Southern California and the bulk of sales via fashionnova.com. The company is headquartered in the Los Angeles area and is frequently cited as a case study in social-commerce growth, having been one of Instagram’s most-mentioned fashion brands by the late 2010s. In 2024, multiple outlets reported the purchase of a Beverly Hills office building to serve as a new headquarters hub. The brand’s marketing playbook—rapid design cycles, hundreds of weekly new arrivals, and high-velocity influencer partnerships—remains its core engine.
Leadership is closely identified with the founder: Richard Saghian serves as CEO, with day-to-day operations and brand direction centered in Los Angeles. Forbes’ profile notes multibillion-dollar revenue scale and frames Saghian’s wealth as stemming from his ownership of Fashion Nova.
Fashion Nova Recent Developments in Ownership
Unlike publicly traded retailers, Fashion Nova does not issue regular ownership updates; there has been no public move to list shares or sell a strategic stake. Recent headlines around the company primarily concern operations and reputation (labor-supply-chain reforms and an FTC settlement on product reviews), while ownership remains unchanged and founder-controlled. The brand’s 2024 HQ purchase and the founder’s ongoing property acquisitions reflect continued private ownership and reinvestment, not a shift in equity.
FAQs
1. Who is the current owner of Fashion Nova?
Richard Saghian—the company says it is privately owned and operated by him, and reputable reports describe him as the sole owner.
2. Is Fashion Nova publicly traded or privately owned?
It is privately owned and not publicly listed. There are no public filings indicating outside investors or an IPO.
3. Who founded Fashion Nova and when?
Richard Saghian founded Fashion Nova in 2006 in Los Angeles; the e-commerce site launched in 2013.
4. Has the ownership changed recently?
No. As of 2025, there have been no announced changes to Fashion Nova’s ownership or control; the company remains founder-controlled.
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