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.
Bangladesh
Global Markets
US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel
President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.
US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel
President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.
Global Markets
Bangladesh Garment Factory Fire Kills 16, Toll May Rise
A deadly fire at a Bangladeshi garment factory and an adjacent chemical warehouse highlights the ongoing issue of poor fire and building safety standards in the country’s vital garment sector.
Bangladesh Garment Factory Fire Kills 16, Toll May Rise
A deadly fire at a Bangladeshi garment factory and an adjacent chemical warehouse highlights the ongoing issue of poor fire and building safety standards in the country’s vital garment sector.
Global Markets
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector
Bangladeshi garment workers fear job losses due to the US imposing a 35 percent tariff, threatening the country’s main export industry and the livelihoods of millions.
After US Tariffs, Jobs Hang by a Thread in Bangladesh’s Garments Sector
Bangladeshi garment workers fear job losses due to the US imposing a 35 percent tariff, threatening the country’s main export industry and the livelihoods of millions.
Global Markets
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
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Global Markets
Bangladesh Garment Factories Reopen After Interim Government Appointed
Factories in the world’s second-largest garment exporting country reopened on Wednesday hoping to swiftly resume operations after production was disrupted by violent protests that ousted the prime minister.
Bangladesh Garment Factories Reopen After Interim Government Appointed
Factories in the world’s second-largest garment exporting country reopened on Wednesday hoping to swiftly resume operations after production was disrupted by violent protests that ousted the prime minister.
Global Markets
Nobel Prize-Winner Yunus to Head Bangladesh’s Interim Government
Economist Muhammad Yunus has been appointed head of Bangladesh’s interim government following former Prime Minister Sheikh Hasina’s departure amid violent protests.
Nobel Prize-Winner Yunus to Head Bangladesh’s Interim Government
Economist Muhammad Yunus has been appointed head of Bangladesh’s interim government following former Prime Minister Sheikh Hasina’s departure amid violent protests.
Global Markets
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
What the Crisis in Bangladesh Means for Fashion’s Supply Chain
The country’s prime minister resigned and fled the country on Monday after weeks of protests roiled the world’s second-largest garment exporter.
Global Markets
Bangladesh Eases Curfew to Keep Economy Going After Protests
Student anger over job quotas has roiled the world’s second-largest garment exporter.
Bangladesh Eases Curfew to Keep Economy Going After Protests
Student anger over job quotas has roiled the world’s second-largest garment exporter.
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Global Markets
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Will Bangladesh’s Tainted Election Serve as a Wakeup Call for Fashion?
A vote widely seen as rigged could spark another round of protests and violence, with the country’s millions of garment workers on the front lines. The fashion industry has been reluctant to get involved, but may find it has no other choice.
Global Markets
Bangladesh Deploys Army to Keep Peace Ahead of Sunday’s Election
Soldiers travelled in armoured vehicles to temporary camps set up across the capital Dhaka to help the civil administration maintain peace and security.
Bangladesh Deploys Army to Keep Peace Ahead of Sunday’s Election
Soldiers travelled in armoured vehicles to temporary camps set up across the capital Dhaka to help the civil administration maintain peace and security.
Global Markets
More Protests in Bangladesh as Garment Workers Reject Pay Increase
Hundreds of garment workers in Bangladesh clashed with police for a second day on Thursday as they protested against a government-mandated pay rise, forcing the closure of nearly 40 factories in the world’s second-largest clothing exporter.
More Protests in Bangladesh as Garment Workers Reject Pay Increase
Hundreds of garment workers in Bangladesh clashed with police for a second day on Thursday as they protested against a government-mandated pay rise, forcing the closure of nearly 40 factories in the world’s second-largest clothing exporter.
Global Markets
Bangladesh Fire: Hundreds of Firefighters Tackle Blaze in Huge Dhaka Clothing Market
No casualties from the Tuesday morning blaze have been reported yet. Shop owners and fire officials told reporters that the Bongo Bazar market and three adjacent commercial precincts had been almost completely gutted.
Bangladesh Fire: Hundreds of Firefighters Tackle Blaze in Huge Dhaka Clothing Market
No casualties from the Tuesday morning blaze have been reported yet. Shop owners and fire officials told reporters that the Bongo Bazar market and three adjacent commercial precincts had been almost completely gutted.
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
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.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
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.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
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.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
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.