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.
Solomeo, Italy
Luxury
Cucinelli Plans Store Expansions
Even as other luxury brands hesitate to predict business trends amid the uncertainties of the pandemic, Cucinelli is sticking with its 10-year growth projections for 2019-2028, with sales seen doubling in the period.
Cucinelli Plans Store Expansions
Even as other luxury brands hesitate to predict business trends amid the uncertainties of the pandemic, Cucinelli is sticking with its 10-year growth projections for 2019-2028, with sales seen doubling in the period.
Luxury
Brunello Cucinelli Set to Miss 2020 Targets Due to Covid-19, Halts Dividend
First-quarter revenues for the Italian group fell 2.9 percent at constant exchange rates to €156.7 million ($170.24 million).
Brunello Cucinelli Set to Miss 2020 Targets Due to Covid-19, Halts Dividend
First-quarter revenues for the Italian group fell 2.9 percent at constant exchange rates to €156.7 million ($170.24 million).
News & Analysis
Brunello Cucinelli Insists on Balance at His Business
Brunello Cucinelli — whose cashmere sweaters can sell for $3,000 or more — is crafting a gentler life for his employees in the village of Solomeo.
Brunello Cucinelli Insists on Balance at His Business
Brunello Cucinelli — whose cashmere sweaters can sell for $3,000 or more — is crafting a gentler life for his employees in the village of Solomeo.
News & Analysis
CEO Talk | Brunello Cucinelli, Founder and Chief Executive, Brunello Cucinelli
In our latest CEO Talk, BoF sits down with Brunello Cucinelli to discuss the unique business philosophy behind his cashmere and luxury lifestyle business, which generated $444 million in revenue in 2013.
CEO Talk | Brunello Cucinelli, Founder and Chief Executive, Brunello Cucinelli
In our latest CEO Talk, BoF sits down with Brunello Cucinelli to discuss the unique business philosophy behind his cashmere and luxury lifestyle business, which generated $444 million in revenue in 2013.
ADVERTISEMENT
News & Analysis
Cucinelli Sees Rosy 2014 Amid Strong Demand for Exclusivity
SOLOMEO, Italy — Brunello Cucinelli said he’s optimistic about his namesake cashmere clothier’s prospects amid strong demand for the most exclusive
Cucinelli Sees Rosy 2014 Amid Strong Demand for Exclusivity
SOLOMEO, Italy — Brunello Cucinelli said he’s optimistic about his namesake cashmere clothier’s prospects amid strong demand for the most exclusive
ADVERTISEMENT
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.