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Top related persons:
Matt Scanlan - 3 Charnas - 3 Silas Chou - 2 Jenny Fleiss - 2 Brandon Charnas - 2 Charnas hasn't - 2 Silas Capital - 1 SEC hasn't - 1
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Wall Silicon Hong Kong Jersey Charnas India Los Angeles New
Top related orgs:
Something Navy - 3 Navy - 2 Service - 2 SEC - 2 Something - 1 Kind Venture - 1 Silas - 1 US Securities and Exchange Commission - 1

Search resuls for: "Matt Scanlan"


5 mentions found


☆ What happened to Something Navy: How Arielle Charnas' clothing brand went from internet sensation to defunct site in 3 years
  + stars: | 2023-07-27 | by ( Grace Mayer | ) www.businessinsider.com   time to read: +2 min
Something Navy is an apparel brand that was created by fashion influencer Arielle Charnas in 2020. Now, the company has endured losses in sales and more than half its employees and CEO have left. The apparel brand launched by fashion influencer Arielle Charnas in 2020 has faced faltering sales, hordes of employees have left the company, and the brand has fallen behind on payments to suppliers. Currently, no merchandise is being sold through Something Navy's website, where a note says: "The Something Navy site is getting a little refresh. Something Navy, which is a private company, was valued at $100 million a year after the brand launched, the company told Insider in 2021.
Persons: Matt Scanlan, Silas Capital, Silas Chou, Jenny Fleiss, Charnas, Brandon Charnas Organizations: Navy, Service, Something, Kind Venture, Silas, US Securities and Exchange Commission, SEC, Staples, Something Navy Locations: Wall, Silicon, Hong Kong
☆ Brandon Charnas, the husband of Something Navy's Arielle Charnas, isn't cooperating with an investigation into 'possible insider trading': SEC
  + stars: | 2023-07-25 | by ( Rebecca Cohen | Katie Warren | ) www.businessinsider.com   time to read: +3 min
Brandon Charnas isn't cooperating with a "possible insider trading violations" probe, the SEC said. Charnas, the husband of Something Navy's Arielle Charnas, bought Office Depot stock in 2021. Charnas made stock trades before an announcement that Staples wanted to acquire Office Depot, the SEC said in its statement. The SEC said Charnas hasn't cooperated with the probe, "improperly asserted" his Fifth Amendment right, and refused to turn over documents. In December, an Insider investigation found that Arielle Charnas' company was struggling to stay afloat amid an employee exodus, lackluster sales, and delayed payments to factories and models.
Persons: Brandon Charnas, Charnas, SEC hasn't, Something, Arielle, Staples, Brandon Charnas didn't, didn't, Charnas hasn't, it's, Matt Scanlan Organizations: SEC, Service, Something Navy Locations: Wall, Silicon
☆ Something Navy's CEO is out as Arielle Charnas' company stops producing clothing, closes stores, and explores a sale
  + stars: | 2023-06-29 | by ( Katie Warren | ) www.businessinsider.com   time to read: +13 min
Its CEO is leaving the company, most employees have either quit or been laid off, and production of new clothing is on hold, several people told Insider. Several people told Insider last year that Charnas was furious with Scanlan for keeping her in the dark about the company's struggles. Arielle Charnas recently said on Instagram that "a lot of changes had to be made" at Something Navy. (The company's founder told Insider that Package Free finally paid them this week after dodging them for a year.) Scanlan's spokesperson told Insider that a sale of Something Navy was on the horizon.
Persons: Charnas, Matt Scanlan, Scanlan, Bradstreet, Arielle Charnas, Monica Schipper, who's, Matt, he's, Darian DiCianno, Charnas hasn't, they'd, Brandon, he'd, Eugene Gologursky, Silas Chou, Jenny Fleiss, Ivory Ella, They're, Betty Wang, cofounding Naadam, Blue, Thakoon's, Laura Cook, Michael Yeager, Elisa Giorgi, Bailey Miller, Scanlan's Organizations: Navy, Associates, Something Navy, company's, Saks Fifth, Hamptons, Naadam, Los, Nordstrom, United, Blue, & $ Locations: Jersey, Charnas, India, Hong Kong, Los Angeles, New, Newport Beach , California, Its New Jersey, stiffing
☆ Buzzy clothing brand Something Navy owed an Indian supplier $364,000 — and didn't pay the full balance until we started reporting on it
  + stars: | 2022-12-10 | by ( Katie Warren | Lakshmi Varanasi | ) www.businessinsider.com   time to read: +3 min
It only paid one supplier in full right after Insider started reporting a story about delayed payments. According to Warren's correspondence with the supplier, Something Navy paid the remaining $20,000 it owed on Tuesday, just days before Insider's story was published. Murarka finally received the payment in full around the same time the other supplier received his payment, Insider reported. Former Something Navy told Insider that they've been caught in a flood of emails since the spring from suppliers asking about late payments. A Something Navy representative claimed that all outstanding payments referenced in Insider's story were made before Insider provided the company with fact-checks last week.
☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
  + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com   time to read: +36 min
From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.
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