Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.


The Business of Fashion is excited to introduce “The BoF Show with Imran Amed”, an immersive streaming video series created in partnership with Bloomberg Quicktake.

The Business of Fashion is excited to introduce “The BoF Show with Imran Amed”, an immersive streaming video series created in partnership with Bloomberg Quicktake.

Can a business based on changing our clothes change its ways?

Can a business based on changing our clothes change its ways?

Pre-loved fashion is on the rise, as old clothes find new wearers via global technology platforms. What are the rewards and the risks of this resale revolution?

Pre-loved fashion is on the rise, as old clothes find new wearers via global technology platforms. What are the rewards and the risks of this resale revolution?

Physical and digital worlds merge in the Metaverse. Can the luxury world dematerialise into the virtual space fast enough to attract eager customers — and their avatars?

Physical and digital worlds merge in the Metaverse. Can the luxury world dematerialise into the virtual space fast enough to attract eager customers — and their avatars?
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How can an exclusive business built on keeping people out let more people in?

How can an exclusive business built on keeping people out let more people in?

A grand Paris store reopens. But when customers return, what will they expect?

A grand Paris store reopens. But when customers return, what will they expect?

An industry reawakens. But could hushed haute couture salons be hotbeds of radical thinking?

An industry reawakens. But could hushed haute couture salons be hotbeds of radical thinking?

BoF’s global community gathered in London’s Mayfair to celebrate the launch of “The BoF Show with Imran Amed.”

BoF’s global community gathered in London’s Mayfair to celebrate the launch of “The BoF Show with Imran Amed.”
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Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.