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.
Philippines
Global Markets
SM Investments Sustains Online Push as Filipinos Return to Malls
While store visits and mall traffic have increased with economic reopening, SM Investments will still develop its online retail platform as e-commerce will “grow even more,” chief executive Frederic DyBuncio told shareholders on Wednesday.
SM Investments Sustains Online Push as Filipinos Return to Malls
While store visits and mall traffic have increased with economic reopening, SM Investments will still develop its online retail platform as e-commerce will “grow even more,” chief executive Frederic DyBuncio told shareholders on Wednesday.
Global Markets
BTS to Unveil Pop-Up Stores in Manila, Taipei and Singapore
The seven-man K-pop sensation and Louis Vuitton ambassadors are at the heart of a burgeoning fashion business — their own. Following successful runs
BTS to Unveil Pop-Up Stores in Manila, Taipei and Singapore
The seven-man K-pop sensation and Louis Vuitton ambassadors are at the heart of a burgeoning fashion business — their own. Following successful runs
Financial Markets
Philippine Retail Billionaire Plans Move From Fashion to Pets
The retail company will expand its offering to pet, health and beauty products.
Philippine Retail Billionaire Plans Move From Fashion to Pets
The retail company will expand its offering to pet, health and beauty products.
Global Markets
Billionaire Henry Sy, Lazada Team Up on Philippine Online Retail
Billionaire Henry Sy has partnered with an online retailer backed by Germany’s Rocket Internet SE to target the rising number of consumers in the Philippines who shop using the Internet.
Billionaire Henry Sy, Lazada Team Up on Philippine Online Retail
Billionaire Henry Sy has partnered with an online retailer backed by Germany’s Rocket Internet SE to target the rising number of consumers in the Philippines who shop using the Internet.
ADVERTISEMENT
News & Analysis
Marcos Jewelry Being Appraised Ahead of Possible Auction
The Philippine government is appraising millions of dollars' worth of jewellery seized three decades ago from Imelda Marcos, the former first lady, as it decides what to do with the collection.
Marcos Jewelry Being Appraised Ahead of Possible Auction
The Philippine government is appraising millions of dollars' worth of jewellery seized three decades ago from Imelda Marcos, the former first lady, as it decides what to do with the collection.
News & Analysis
Philippine Luxury Retailer Prepares For IPO As Demand Booms
MANILA, Philippines — SSI Group Inc., the Philippine retailer of Hermes shoes and Gucci handbags, said rising incomes will accelerate profit growth
Philippine Luxury Retailer Prepares For IPO As Demand Booms
MANILA, Philippines — SSI Group Inc., the Philippine retailer of Hermes shoes and Gucci handbags, said rising incomes will accelerate profit growth
Global Markets
Long Overlooked, the Flourishing Philippines
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
Long Overlooked, the Flourishing Philippines
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
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.