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.
earnings
Executive Briefings
The Executive Briefing: Saks in Crisis; The Battle for Lululemon; A Holiday Shopping Miracle
America’s largest department store operator is on the brink, Lululemon’s founder is making moves and GLP-1 pills promise to shake up fashion this year. Read on for your concise breakdown of November’s key developments from executive editor Brian Baskin.
The Executive Briefing: Saks in Crisis; The Battle for Lululemon; A Holiday Shopping Miracle
America’s largest department store operator is on the brink, Lululemon’s founder is making moves and GLP-1 pills promise to shake up fashion this year. Read on for your concise breakdown of November’s key developments from executive editor Brian Baskin.
Luxury
Phoebe Philo Sales Top $40 Million in 2025
The London-based fashion startup nearly tripled revenues in its second full year of trading.
Phoebe Philo Sales Top $40 Million in 2025
The London-based fashion startup nearly tripled revenues in its second full year of trading.
Luxury
Opinion: Golden Goose’s $2,000 Sneakers Are a Rare Win for Private Equity
The high-end Italian sneaker brand’s sale to HSG for over €2.5 billion marks a successful exit for private-equity owner Permira, particularly at a moment of depressed demand for luxury goods, writes Andrea Felsted.
Opinion: Golden Goose’s $2,000 Sneakers Are a Rare Win for Private Equity
The high-end Italian sneaker brand’s sale to HSG for over €2.5 billion marks a successful exit for private-equity owner Permira, particularly at a moment of depressed demand for luxury goods, writes Andrea Felsted.
Sports
Big Marketing Push by Nike Is Unlikely to Boost Earnings Just Yet
The sportswear giant is expected to report that net profit fell for the sixth straight quarter in the three months ended Nov. 30, more than halving to $562.35 million.
Big Marketing Push by Nike Is Unlikely to Boost Earnings Just Yet
The sportswear giant is expected to report that net profit fell for the sixth straight quarter in the three months ended Nov. 30, more than halving to $562.35 million.
Global Markets
Worldview | Kering’s Bet on Chinese Gold Jewellery
This week’s round-up of global markets fashion business news also features India’s strategic footwear expansion and Fashion Asia Hong Kong’s latest edition.
Worldview | Kering’s Bet on Chinese Gold Jewellery
This week’s round-up of global markets fashion business news also features India’s strategic footwear expansion and Fashion Asia Hong Kong’s latest edition.
Luxury
Despite Art Market Lull, Art Basel Still Delivers for Miami Beach
Art Basel Miami Beach is the biggest art fair in the US and has emerged as a year-end, pre-holiday retreat for corporate leaders of all stripes.
Despite Art Market Lull, Art Basel Still Delivers for Miami Beach
Art Basel Miami Beach is the biggest art fair in the US and has emerged as a year-end, pre-holiday retreat for corporate leaders of all stripes.
Retail
This Week: Lululemon’s Low Expectations; A Potential Tariff Surprise
The athleisure giant has struggled this year, but there are bright spots. And the US Supreme Court may or may not issue its decision on Trump’s tariffs.
This Week: Lululemon’s Low Expectations; A Potential Tariff Surprise
The athleisure giant has struggled this year, but there are bright spots. And the US Supreme Court may or may not issue its decision on Trump’s tariffs.
Luxury
Luxury Stocks Look Ready for a Stronger Year After Their ‘Detox’
Optimism is building that a second-half rally in Europe’s luxury-goods sector can extend into the new year as signs point to better times for the continent’s flagship equity sector.
Luxury Stocks Look Ready for a Stronger Year After Their ‘Detox’
Optimism is building that a second-half rally in Europe’s luxury-goods sector can extend into the new year as signs point to better times for the continent’s flagship equity sector.
Luxury
This Week: Chanel and Zara Face Fresh Tests
Matthieu Blazy’s first US show for Chanel and Zara-owner Inditex’s latest financial results will be key tests for two powerhouses at opposite ends of the market. Plus, The Fashion Awards.
This Week: Chanel and Zara Face Fresh Tests
Matthieu Blazy’s first US show for Chanel and Zara-owner Inditex’s latest financial results will be key tests for two powerhouses at opposite ends of the market. Plus, The Fashion Awards.
Global Markets
Worldview | Indian Textile Exporters Seek Relief as US Tariffs Bite
This week’s round-up of global markets fashion business news also features Harrods’ China retreat, Mauritian garment factories and Ghana’s kente cloth.
Worldview | Indian Textile Exporters Seek Relief as US Tariffs Bite
This week’s round-up of global markets fashion business news also features Harrods’ China retreat, Mauritian garment factories and Ghana’s kente cloth.
Luxury
Luxury Set for 2026 Revival but Shoppers ‘Betrayed’ by Pricing, Bain Says
The global luxury goods industry is likely to sell 3 percent to 5 percent more next year after stagnating in 2025.
Luxury Set for 2026 Revival but Shoppers ‘Betrayed’ by Pricing, Bain Says
The global luxury goods industry is likely to sell 3 percent to 5 percent more next year after stagnating in 2025.
Retail
Inside Luxury Retailers’ Bare-Knuckle Fight to Win the Holidays
With market leader Saks struggling and Ssense in bankruptcy, competitors from Bloomingdale’s to Mytheresa to FWRD see a rare opportunity to grab market share. They are openly courting top customers, vendors and even the employees of their struggling competitors.
Inside Luxury Retailers’ Bare-Knuckle Fight to Win the Holidays
With market leader Saks struggling and Ssense in bankruptcy, competitors from Bloomingdale’s to Mytheresa to FWRD see a rare opportunity to grab market share. They are openly courting top customers, vendors and even the employees of their struggling competitors.
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.