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.
Cairo, Egypt
Luxury
Hilton to Enter Cruise Business with Waldorf Astoria Nile Ship
The hotel group’s Waldorf Astoria Nile River Experience, set to launch in late 2026, follows similar moves by Ritz-Carlton, Four Seasons, Orient Express and Aman.
Hilton to Enter Cruise Business with Waldorf Astoria Nile Ship
The hotel group’s Waldorf Astoria Nile River Experience, set to launch in late 2026, follows similar moves by Ritz-Carlton, Four Seasons, Orient Express and Aman.
News & Analysis
Africa's E-Commerce Giant Jumia Sets Sights on Egypt
Jumia Egypt’s Chief Executive Officer Hesham Safwat says he’s urging the government to regulate informal retailers by offering them tax incentives and cheap loans that would allow them to market their goods online.
Africa's E-Commerce Giant Jumia Sets Sights on Egypt
Jumia Egypt’s Chief Executive Officer Hesham Safwat says he’s urging the government to regulate informal retailers by offering them tax incentives and cheap loans that would allow them to market their goods online.
News & Analysis
Armani's Egyptian Supplier Mulls US Foray on Weaker Pound
Arafa Holding, the Egyptian maker of clothes for global brands such as Giorgio Armani and Massimo Dutti, plans to expand sales to the US as it aims to “aggressively” target the middle-income segments.
Armani's Egyptian Supplier Mulls US Foray on Weaker Pound
Arafa Holding, the Egyptian maker of clothes for global brands such as Giorgio Armani and Massimo Dutti, plans to expand sales to the US as it aims to “aggressively” target the middle-income segments.
News & Analysis
Egypt's Famous Cotton Crop Dwindles
Farmers in Egypt are abandoning cotton and are switching to grains as the country wrestles with one of the biggest budget deficits in the Middle East.
Egypt's Famous Cotton Crop Dwindles
Farmers in Egypt are abandoning cotton and are switching to grains as the country wrestles with one of the biggest budget deficits in the Middle East.
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Global Markets
All Eyes on Egypt
With Egypt now stabilising, can this titan of the Middle East reclaim its style credentials and become a lucrative fashion market once again?
All Eyes on Egypt
With Egypt now stabilising, can this titan of the Middle East reclaim its style credentials and become a lucrative fashion market once again?
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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.