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.
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Luxury
Trailblazing Designer Kenzo Takada Has Died
The Japanese designer, best known for his namesake line Kenzo, passed away following complications due to Covid-19. He was 81.
Trailblazing Designer Kenzo Takada Has Died
The Japanese designer, best known for his namesake line Kenzo, passed away following complications due to Covid-19. He was 81.
Luxury
LVMH and Nicholas Kirkwood to Part Ways
The split is due to be completed by the end of the year, LVMH said in a statement.
LVMH and Nicholas Kirkwood to Part Ways
The split is due to be completed by the end of the year, LVMH said in a statement.
Luxury
LVMH Is Calling Off Its Tiffany Mega-Deal. What Now?
Tiffany is suing the luxury giant, which said it won't close what was meant to be luxury's biggest-ever acquisition after French government intervention. But it’s possible the parties will find a new agreement next year, or that another suitor emerges.
LVMH Is Calling Off Its Tiffany Mega-Deal. What Now?
Tiffany is suing the luxury giant, which said it won't close what was meant to be luxury's biggest-ever acquisition after French government intervention. But it’s possible the parties will find a new agreement next year, or that another suitor emerges.
Workplace & Talent
Forever 21 Hires New CEO From H&M
Daniel Kulle, former president of H&M's North American operations, has been brought in to revive the bankrupt fast-fashion retailer, which was recently bought by a consortium of investors, including Barneys-owner Authentic Brands Group, for $81 million.
Forever 21 Hires New CEO From H&M
Daniel Kulle, former president of H&M's North American operations, has been brought in to revive the bankrupt fast-fashion retailer, which was recently bought by a consortium of investors, including Barneys-owner Authentic Brands Group, for $81 million.
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Luxury
MatchesFashion.com Chief Executive Exits
Ulric Jerome, who joined the company in 2013, has stepped down as chief executive, the company confirmed to BoF.
MatchesFashion.com Chief Executive Exits
Ulric Jerome, who joined the company in 2013, has stepped down as chief executive, the company confirmed to BoF.
Retail
Barneys Files for Bankruptcy As Rents Rise and Visitors Fall
The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.
Barneys Files for Bankruptcy As Rents Rise and Visitors Fall
The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.
News & Analysis
Why LVMH Struck a Deal with Stella McCartney
The ethical fashion label will hardly move the needle for LVMH, but could help the group boost its sustainability credentials, which are seen to be lagging arch rival and former owner Kering at a time when consumers and regulators are taking notice.
Why LVMH Struck a Deal with Stella McCartney
The ethical fashion label will hardly move the needle for LVMH, but could help the group boost its sustainability credentials, which are seen to be lagging arch rival and former owner Kering at a time when consumers and regulators are taking notice.
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.
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Retail
Arcadia Group Chairman Philip Green Charged With Misdemeanour Assault
The charges, stemming from accusations he inappropriately touched a woman in Arizona, comes as Green is locked in a showdown with creditors.
Arcadia Group Chairman Philip Green Charged With Misdemeanour Assault
The charges, stemming from accusations he inappropriately touched a woman in Arizona, comes as Green is locked in a showdown with creditors.
Beauty
Frédéric Fekkai Close to Buying Back Haircare Brand
The haircare guru is nearing a deal to acquire his namesake salons and haircare products from Designer Parfums and Luxe Brands. The brand has struggled in recent years as salon sales have declined and Instagram-savvy competitors grabbed market share.
Frédéric Fekkai Close to Buying Back Haircare Brand
The haircare guru is nearing a deal to acquire his namesake salons and haircare products from Designer Parfums and Luxe Brands. The brand has struggled in recent years as salon sales have declined and Instagram-savvy competitors grabbed market share.
Retail
Opening Ceremony Lays Off 23 Amid Search For New Investor
The retailer, long known for its downtown cool, has eliminated most of its in-house label’s design team as part of broader restructuring.
Opening Ceremony Lays Off 23 Amid Search For New Investor
The retailer, long known for its downtown cool, has eliminated most of its in-house label’s design team as part of broader restructuring.
Media
Condé Nast Owner Si Newhouse Dies at 89
He ran the family's media empire for 40 years before retiring to chairman emeritus in 2015.
Condé Nast Owner Si Newhouse Dies at 89
He ran the family's media empire for 40 years before retiring to chairman emeritus in 2015.
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.