Fashion Nova owner death is the result of a robbery. Fashion Nova is the world’s best clothing and lifestyle brand that is fast-moving into the market. Known for bringing the season’s most wanted styles to millions around the world, the brand was named Google’s most-searched fashion brand in 2018.
- As a Los Angeles-based company with five retail stores in Southern California, they sell collections for women, men, curves, and children. They are a pop culture phenomenon with a staggering social media following of over 25 million people, which includes celebrity fans and collaborators.
- Their names are featured in songs, and their styles are worn by your favorite celebs – from Cardi B to Kylie Jenner, there’s no famous booty that hasn’t worn their jeans. You’ll hear Fashion Nova featured on the hottest chart-toppers around the world which includes Tyga, The Game, YG, City Girls, Saweetie, Offset, and more.
Type: Store
Industry: Retail
Founded: 2006; 17 years ago
Founder: Richard Saghian
Headquarters: Los Angeles, California, U.S.
Number of locations: 5
Area served: Worldwide
Products: Clothing
Number of employees: 600
Website: www.fashionnova.com
Owner of Fashion Nova:
Richard Saghian is famous as the founder and CEO of the fast fashion brand Fashion Nova, but he has also scored record-breaking real estate deals.
- In recent times, the billionaire executive paid $40 million for a 6,000-square-foot home on the billionaire’s exclusive Malibu beach.
- Less than a year later, Saghian bid $126 million at an auction for a megamansion in Los Angeles. Nicknamed “The One,” the 105,000-square-foot property is considered the largest modern home in the US. Taking into account the auction premium and commission fees, he ended up paying nearly $141 million for the home.
- “The One’ Bel-Air is a once-in-a-lifetime property that can never be duplicated,” Saghian said in a statement. “ There is nothing else like it. As a lifelong Angeleno and avid collector of real estate, I recognized this as a rare opportunity that also lets me own a unique property that is destined to be a part of Los Angeles history.”
Fashion Nova Owner Death Incident:
- Fashion Nova Owner’s (Richard Saghian) death occurred on Friday morning, when an armed robbery took place near the Hollywood Hills at his home, leading to a gunfight that left one suspect dead. And four people including Saghian’s personal guard were injured.
- The robbery spread out around 2:05 a.m. in the 1400 block of Blue Jay Way, in accordance with Los Angeles police.
- Investigators said three suspects were in the car and two gunmen wearing ski masks got out, pushed the two victims to the ground, took their watches, and stole jewelry.
- Police say that during this crime, an armed security guard opened fire on the suspects and was shot in the stomach. He was taken to the hospital in a critical situation.
- In accordance with the police, the two victims and the two robbers were also hit.
- Sources in Los Angeles tell Eyewitness News they can confirm that the security guard, a retired law enforcement officer, worked as personal security for Saghian, CEO of Instagram-based fashion brand Fashion Nova.
- According to the police, after the shooting, the two injured suspects got into the car and ran away from the area with the third suspect. A description of the gray Audi was released and the investigators stopped it at Doheny Drive and Santa Monica Boulevard in West Hollywood.
- One suspect was killed at the location, another was taken to the area hospital for treatment of leg injuries, and the third was arrested.
- LAPD(Los Angeles Police Department) said the two robbery victims were taken to the hospital in a stable situation. Investigators say they found a gun in the gateway car and have surveillance recordings.
- LAPD investigator Meghan Aguilar said, “We’re not sure who the target was or what the motive behind this was other than property”.
- Detectives are continuing to investigate whether this crime was an isolated incident or connected to other robberies.
Conclusion:
Eyewitness News has learned that an attempted armed robbery near the Hollywood Hills home of Fashion Nova CEO Richard Saghian led to a gunfight that left one suspect killed and four people injured, including Saghian’s personal security guard.
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