Latest news with #Fayt
Perth Now
03-07-2025
- Business
- Perth Now
How a school dropout started a multi-million dollar empire from her garage
An Australian fashion founder with a multi-million dollar business has described how she went from dropping out of school, to starting her empire. And if you've dipped your toe into the world of online shopping, there is a high chance you've bought something from Brittney Saunders' company, Fayt. Watch 7NEWS at 6pm for a behind the scenes look at the Fayt warehouse. Saunders started out as a content creator after discovering some American influencers on Youtube when she was 14-years-old and knew she wanted to do it. She grew a loyal group of followers after making Youtube videos and then eventually branched out to Instagram and Tiktok too. Those loyal followers turned into a customer base when she launched Fayt almost eight years ago. Brittney Saunders at Fayt. Credit: 7NEWS 'I guess, yeah, I became an influencer. I think I always knew deep down that wasn't gonna be sustainable for me forever,' she told 7NEWS. Fayt sells womenswear, but with a twist. The clothing shuns the standard model and instead runs its collections in a full suite of sizes. Saunders' story is a modern day fairytale and now she's sharing all the secrets to her success in her brand new memoir. Credit: 7NEWS 'As we got bigger and bigger, I'd add another size and another.,' Saunders said. 'And then it got to the point where we had sizes six to 26 in everything. And now it's just it's normal to us and I forget that not every brand does that.' Fayt is now so big, it has outgrown its 1300sqm warehouse and is expanding to a second storage space next door. Saunders' story is a modern day fairytale and now she's sharing all the secrets to her success in her brand new memoir. Watch 7NEWS at 6pm for a behind the scenes look at the Fayt warehouse and to hear more details about Saunders' book: Just Getting Started.
7NEWS
03-07-2025
- Business
- 7NEWS
7NEWS take a tour of Brittany Saunders' multi-million dollar company, Fayt
An Australian fashion founder with a multi-million dollar business has described how she went from dropping out of school, to starting her empire. And if you've dipped your toe into the world of online shopping, there is a high chance you've bought something from Brittney Saunders' company, Fayt. Watch 7NEWS at 6pm for a behind the scenes look at the Fayt warehouse. Know the news with the 7NEWS app: Download today Saunders started out as a content creator after discovering some American influencers on Youtube when she was 14-years-old and knew she wanted to do it. She grew a loyal group of followers after making Youtube videos and then eventually branched out to Instagram and Tiktok too. Those loyal followers turned into a customer base when she launched Fayt almost eight years ago. 'I guess, yeah, I became an influencer. I think I always knew deep down that wasn't gonna be sustainable for me forever,' she told 7NEWS. Fayt sells womenswear, but with a twist. The clothing shuns the standard model and instead runs its collections in a full suite of sizes. 'As we got bigger and bigger, I'd add another size and another.,' Saunders said. 'And then it got to the point where we had sizes six to 26 in everything. And now it's just it's normal to us and I forget that not every brand does that.' Fayt is now so big, it has outgrown its 1300sqm warehouse and is expanding to a second storage space next door. Saunders' story is a modern day fairytale and now she's sharing all the secrets to her success in her brand new memoir.
Daily Mail
03-06-2025
- Business
- Daily Mail
Aussie entrepreneur announces shock decision to step back from fashion empire
Brittney Saunders has revealed that she is hitting pause on her fashion brand Fayt, telling fans she doesn't want the business to 'outgrow' her. The fashion founder, 32, who is now a multimillionaire after starting her size-inclusive fashion label, shared the shock news on her Nova podcast Big Business on Monday. She assured fans that the brand wasn't going anywhere and would still be open for business as usual, but she wasn't making any big moves for the future. 'In the last three years, we've opened four more stores, right? And that's a lot, especially for a company like Fayte where I'm the one funding it,' she said. 'I don't have a board of directors and a panel of investors or anything.' From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the DailyMail's new showbiz newsletter to stay in the loop. The 'solo-owned' business was an exciting adventure for the content creator, however she was 'mindful of the fact that I never want Fayte to outgrow me.' Brittney opened up about her fears regarding the company and its future in the fashion landscape. 'I don't want Fayte to grow so big that I end up hating the company or my job,' she said, noting that the more a business grows, the more stress it adds to your life. 'For my own personal sake and my own mental health, it's been great to kind of slow things down,' she shared. Brittney founded her online business in 2017 after noticing a glaring gap in the fashion sphere when it came to size-inclusive clothing. However, after starting the label in her early 20s, there were a few things Brittney was oblivious about when diving into the business game, particularly when it came to her taxes. Speaking on her podcast last year, she said there was a period where she hadn't paid her taxes in over two years, resulting in a staggering $100,000 tax bill. 'I didn't know how it worked, I was so used to working my Monday to Friday full-time job and getting my pay slip every week and seeing the tax being taken out. And then all of a sudden, I'm working for myself at 21 years old, I didn't know how tax worked,' she admitted. However, after starting the label in her early 20s, there were a few things Brittney was oblivious about when diving into the business game, particularly when it came to her taxes The YouTube vlogger added she didn't have a 'supportive family network' who knew about self employment. 'No one ever taught me about money, or how to save or tax or anything like that,' she said. 'So, for around two years, when I was an influencer and earning all this money, I just simply didn't pay tax. Because when you own your own business, or you're working for yourself. 'I didn't know how I was meant to pay tax, like, how do you do that? What do you genuinely do? Because when you're getting paid as a self employed person and you've got payments coming in, the money just goes into your account and that's it! 'Then you have to work out how you're going to pay tax on that. You don't pay tax every week the way that employees do. You have to collect [the money] all together, and then have an accountant, process that for you for the end of financial year.' Brittney said she finally enlisted an accountant after growing concern for her finances and received a phone call from the Australian Taxation Office (ATO) for the outstanding payments, and was told she owed a whopping $100,000.
News.com.au
20-05-2025
- Business
- News.com.au
‘Don't brag': Aussie CEO reveals wild response men still have to her success
Millennial boss Brittney Saunders has revealed the grim double standard that still exists when it comes to success. Ms Saunders, 31, is the founder and chief executive of successful size-inclusive fashion brand Fayt. She says her brand is worth millions and has been described as a social media powerhouse, with more than 500,000 Instagram followers. But despite all these achievements, she's reluctant to speak too much of her success as she often fears she'll be accused of bragging. On her podcast, Big Business, Ms Saunders said she's often disheartened to see women who talk about success being torn down because of it. 'I keep seeing articles popping up like female founder makes $10 million dollars and then you go to the comments and it is all men being like 'oh she's just fame hungry or she's just successful because of her looks',' she said. 'I know I even still feel weird bragging about my successes because I'm worried people are going to say, 'you're bragging.'' Ms Saunders argued that she would be applauded if she were a man and made a million dollars. 'They go, 'good on you mate, you're the man' but if it's a female, they'll be like, 'don't brag about money, you shouldn't talk about money in that way,'' she said. Ms Saunders said she finds this response completely frustrating because 'men can' and they're not met with criticism. The 31-year-old boss said she also feels there's a social bias when it comes to women in leadership, and if you're assertive, you can be seen as mean rather than just direct. 'When a female is assertive … people might see that as, oh, 'she's being a b*tch, or she's being rude, or she's attacking me or she's being nasty,' she said. 'I feel like that can often be people's first thing that they want to think and say instead of, 'oh, this is my boss, and she's giving me some constructive feedback about something that I maybe didn't do the best, and I need to improve or learn better for next time.' Ms Saunders said working with her partner, AJ, has also highlighted the difference in the way men and women are treated. She said she's observed that her partner can deliver a message without someone assuming he is 'personally attacking' them or being seen as unkind. 'At the end of the day … it's never personal. It's just business and it's just you doing your job,' she said. The 30-year-old said that even though she's achieved so much success, she still feels she's living in a 'man's world', and that can make being a boss harder. 'There's been so many times over the years, where we are dealing with HR related things in our workplace … and it's so personal and it's so emotional when at the end of the day I'm just trying to do my job,' she said. 'I've had so many moments, especially more recently, where I've thought, I wonder if, and again, I don't want to be like surrendering, but I've thought this would be so much easier if AJ was the CEO.'
