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Wednesday, Dec 6, 2023

LA500 2022: Richard Saghian

Chief Executive, Fashion Nova

Saghian launched Vernon-based Fashion Nova in 2006. Early on he implemented social media marketing and innovated strategic collaborations with thousands of influencers and celebrities to accumulate more than 35 million followers on Fashion Nova’s various social media platforms. The company has multiple high-growth categories across women’s, men’s and kid’s apparel and beauty brands and generates an estimated $1 billion in annual sales. Saghian has supported several social causes through his charitable organization, Fashion Nova Cares. He purchased a 21-bedroom, 49-bath home in Bel Air in February for $141 million and owns residences in Malibu and Hollywood Hills.


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