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.
Malaysia
Global Markets
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
Global Markets
FashionValet Founders Charged After Wealth Fund Losses
Founders of the Malaysian modest fashion company, Vivy Yusof and Fadzarudin Shah Anuar, both pleaded not guilty to local prosecutors’ charges of criminal breach of trust over alleged misuse of funds.
FashionValet Founders Charged After Wealth Fund Losses
Founders of the Malaysian modest fashion company, Vivy Yusof and Fadzarudin Shah Anuar, both pleaded not guilty to local prosecutors’ charges of criminal breach of trust over alleged misuse of funds.
Global Markets
Modest Fashion’s Big Asia Opportunity
Global players, as well as brands and retailers from neighbouring Southeast Asian countries, are coming up against growing consumer loyalty for local players as well as hyper-localised business environments and cultural needs.
Modest Fashion’s Big Asia Opportunity
Global players, as well as brands and retailers from neighbouring Southeast Asian countries, are coming up against growing consumer loyalty for local players as well as hyper-localised business environments and cultural needs.
Beauty
Can Halal Cosmetics Ride the Clean Beauty Wave?
Halal cosmetics are gaining traction beyond the core demographic of observant Muslim consumers thanks to the vegan and ethical beauty movements. But running a halal brand has its challenges.
Can Halal Cosmetics Ride the Clean Beauty Wave?
Halal cosmetics are gaining traction beyond the core demographic of observant Muslim consumers thanks to the vegan and ethical beauty movements. But running a halal brand has its challenges.
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News & Analysis
Alibaba Group President Faces Criminal Charges in Malaysian Bond Scandal
Michael Evans, like 16 others charged, now faces custodial sentences and criminal fines in a case with global ramifications.
Alibaba Group President Faces Criminal Charges in Malaysian Bond Scandal
Michael Evans, like 16 others charged, now faces custodial sentences and criminal fines in a case with global ramifications.
News & Analysis
Alibaba Confirms Regional Logistics Hub in Malaysia
The company confirmed reports that it will set up a logistics hub in the Malaysian capital that will serve as the Chinese e-commerce company's regional distribution hub.
Alibaba Confirms Regional Logistics Hub in Malaysia
The company confirmed reports that it will set up a logistics hub in the Malaysian capital that will serve as the Chinese e-commerce company's regional distribution hub.
Financial Markets
Report: Jack Ma to Launch Alibaba Distribution Hub in Malaysia
The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.
Report: Jack Ma to Launch Alibaba Distribution Hub in Malaysia
The hub would be sited within a 24,700-acre development led by airport operator Malaysia Airports Holdings that is expected to generate more than $1.58 billion worth of domestic and foreign investments.
News & Analysis
Malaysia’s Growth Slows Less Than Expected on Exports, Services
Malaysia’s economic growth slowed less than expected after overseas shipments and factory output held up, a rebound that may prove short-lived as investment falters.
Malaysia’s Growth Slows Less Than Expected on Exports, Services
Malaysia’s economic growth slowed less than expected after overseas shipments and factory output held up, a rebound that may prove short-lived as investment falters.
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Technology
Bits & Bytes | Asos Shares Tumble, E-Com Booms in Emerging Markets
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Asos Shares Tumble, E-Com Booms in Emerging Markets
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Global Markets
Malaysia's Magnetic Pull
Comprehending Malaysia’s dynamic fashion market is about understanding its fans and neighbours as much as its melting pot culture. This instalment of Market GPS is sponsored by Marvin Traub Associates.
Malaysia's Magnetic Pull
Comprehending Malaysia’s dynamic fashion market is about understanding its fans and neighbours as much as its melting pot culture. This instalment of Market GPS is sponsored by Marvin Traub Associates.
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.