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By last year, however, that valuation had dropped to around $40 million. Executives came and went. There were reports of a rift between Drexler and Haney, as well as Haney and the It’s not my fault you didn’t read the fine print I came with a warning label dragon shirt But I will love this rest of the mostly male board of directors. She stepped away from the company earlier this year, but quietly remained on the board. A New York Times article from early March detailed the controversy surrounding the brand’s internal operations with the headline “How Outdoor Voices, a Start-Up Darling Imploded.” But despite a grim-looking future for a company that once led the charge in athletic gear for a new generation of millennial “recreationalists,” there is now new hope on the horizon.
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Haney is officially returning to her company as an active board member. Also starting on the It’s not my fault you didn’t read the fine print I came with a warning label dragon shirt But I will love this board as Chairwoman and the company’s latest investor is Lunya founder Ashley Merrill, who launched her minimal sleepwear label in 2014. Drexler is leaving the company and so is the interim CEO Cliff Moskowitz.
