Tyler Haney, the originator and chief manager of activewear design Outdoor Voices, has moved down, the company verified this.
Outdoor Voices Faces Trouble
The Business of Fashion, which initially published the news, said the change accompanies an earlier unreported capital injection from Outdoor Voices’ investors at a lesser valuation than prior rounds.
It states the company attempted raising extra funding late last year but “had trouble.”
The company posted the following statement: “As we see to develop and to scale, Tyler Haney has transitioned from her position as Chief Executive of Outdoor Voices to a fresh post as Founder.
We have proposed another series of funding from our existing investor association to maintain
our growth and development moving ahead.
How Tyler’s Decision Impacts Other Positions
Tyler will continue as a member of the Board of Directors and will help with the hunt for a new
Till we fulfil that role, Cliff Moskowitz will work as the Company’s Interim CEO.”
Moskowitz arrives from InterLuxe, a sort of individual equity firm that operates with fashion and extravagance brands where he has worked as president for six years, according to his LinkedIn profile.
BoF indicates administrative turnover as a more initial sign that not all was great within the, company implying that mismanagement was one part that provoked Pamela Catlett — aprevious Nike and Under Armour exec — to quit the company months later entering as
president last year.
Retail name Mickey Drexler, previously of J.Crew fame — who was elected chairman of Outdoor Voices’ committee in the summer of 2017 also left his post last year, though he secured a director’s seat.
Outdoor Voices presently has 11 spots around the U.S., places like Austin, LA, Soho in New York, Boston, Nashville, Chicago and Washington, D.C.
Even with $64 million in financing that Outdoor Voices has obtained from investors over the years, it’s also moving head-to-head with powerful, very established and endurably famous brands, like Nike and Adidas.
What happens later to Haney isn’t still clear.
However, she isn’t going distant, reportedly.
BoF states that she yet owns 10% of Outdoor Voices and will continue engaging with the company.
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