Morgenstern's is still owned and run day-to-day by its founder, Nicholas Morgenstern, who personally reopened the shop on the Lower East Side in 2026 after its flagship closed the year before. A New York venture firm holds an undisclosed stake, but control and day-to-day decisions have stayed with Morgenstern throughout. As a small, one-shop business, it has little public labor or environmental track record to date.