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.
bankruptcy
News & Analysis
Forever 21 in Talks to Give Landlords a Stake in Bankruptcy
Sources say the ailing fast-fashion retailer is in talks with Simon Property Group Inc. and Brookfield Property Partners LP about the proposal, which would be part of a bankruptcy filing.
Forever 21 in Talks to Give Landlords a Stake in Bankruptcy
Sources say the ailing fast-fashion retailer is in talks with Simon Property Group Inc. and Brookfield Property Partners LP about the proposal, which would be part of a bankruptcy filing.
News & Analysis
Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
The apparel merchant is working on obtaining a financial package that would provide about $75 million for its restructuring in the court process, said a source.
Forever 21 Plans to Shutter at Least 100 Stores in Bankruptcy
The apparel merchant is working on obtaining a financial package that would provide about $75 million for its restructuring in the court process, said a source.
News & Analysis
Forever 21 Prepares for Potential Bankruptcy Filing
The company has been in talks for additional financing and working with a team of advisers to help it restructure its debts.
Forever 21 Prepares for Potential Bankruptcy Filing
The company has been in talks for additional financing and working with a team of advisers to help it restructure its debts.
News & Analysis
As Barneys Struggles, Fashion Vendors Try on Alternative Channels
The luxury retailer recently filed for bankruptcy protection, owing $1.6 million to Prada and millions to other Kering and LVMH labels.
As Barneys Struggles, Fashion Vendors Try on Alternative Channels
The luxury retailer recently filed for bankruptcy protection, owing $1.6 million to Prada and millions to other Kering and LVMH labels.
News & Analysis
Barneys New York: What Happens Now?
After filing for bankruptcy protection, the luxury retailer aims to restructure its business and find a new owner. But where does that leave the brands it sells?
Barneys New York: What Happens Now?
After filing for bankruptcy protection, the luxury retailer aims to restructure its business and find a new owner. But where does that leave the brands it sells?
Retail
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Luxury
Sonia Rykiel to Liquidate After Judge Rejects Sale
The decision was made after a Paris commercial court judge rejected the lone remaining bidder for the company. The brand's six stores in France and Monaco, as well as its intellectual property and archives, will be sold.
Sonia Rykiel to Liquidate After Judge Rejects Sale
The decision was made after a Paris commercial court judge rejected the lone remaining bidder for the company. The brand's six stores in France and Monaco, as well as its intellectual property and archives, will be sold.
Retail
US Property Trust Challenges Arcadia's Restructuring Plan
Arcadia said the challenges to the Company Voluntary Agreements, which were approved in June by the required majority of creditors, were "without merit."
US Property Trust Challenges Arcadia's Restructuring Plan
Arcadia said the challenges to the Company Voluntary Agreements, which were approved in June by the required majority of creditors, were "without merit."
Luxury
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
News & Analysis
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Luxury
Rainbows Aren't Enough: Taking Stock of Fashion's Approach to Pride
This week everyone will be talking about Paris Couture Week, the fate of Forever 21 and Sonia Rykiel, and the end of Pride Month. Read our BoF Professional Cheat Sheet.
Rainbows Aren't Enough: Taking Stock of Fashion's Approach to Pride
This week everyone will be talking about Paris Couture Week, the fate of Forever 21 and Sonia Rykiel, and the end of Pride Month. Read our BoF Professional Cheat Sheet.
News & Analysis
French Connection Delays Company Sale Plans
The UK-based global retailer has announced plans to extend the strategic review and formal sale period.
French Connection Delays Company Sale Plans
The UK-based global retailer has announced plans to extend the strategic review and formal sale period.
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.