Fashion Nova
[8] In August 2020, Fashion Nova announced reforms to its contracting practices in support of California's proposed bill, SB 1399, that includes a mandate that its contractors and subcontractors agree to random independent audits and that their workers are paid the applicable minimum wage, which in Los Angeles is scheduled to rise to $15 an hour for employers of all size in 2021.[11] Founder Richard Saghian rarely speaks with reporters but is known to collect real estate, including homes previously owned by Avicii and Netflix executive Ted Sarandos.[18] In June 2020, Fashion Nova pledged to donate $1 million to a number of social justice organizations, including Black Lives Matter, Know Your Rights Camp, and the NAACP Legal Defense and Education Fund.[19] In November 2020, Fashion Nova released a line with Megan Thee Stallion, including statement pieces and an assortment of crafted denim for those 5 feet 9 inches (1.75 m) and taller.[27] In January 2022, Fashion Nova settled with the Federal Trade Commission for $4.2 million after the company was found to have artificially inflated its ratings by deliberately blocking negative reviews on its site.