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.
employees
News & Analysis
Marks & Spencer's Wade-Gery Won't Return After Maternity Leave
Marks & Spencer Group Plc said its online chief Laura Wade-Gery will not return after a year away on maternity leave, parting ways with one of its brightest stars.
Marks & Spencer's Wade-Gery Won't Return After Maternity Leave
Marks & Spencer Group Plc said its online chief Laura Wade-Gery will not return after a year away on maternity leave, parting ways with one of its brightest stars.
News & Analysis
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
News & Analysis
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
Luxury
Director of Victoria and Albert Museum Resigns
Martin Roth, director of the Victoria and Albert Museum will leave his post this autumn.
Director of Victoria and Albert Museum Resigns
Martin Roth, director of the Victoria and Albert Museum will leave his post this autumn.
News & Analysis
David's Bridal Says Its CEO Has Stepped Down
David's Bridal says its chief executive officer Pam Wallack has left the company and chairman Paul Pressler will replace her.
David's Bridal Says Its CEO Has Stepped Down
David's Bridal says its chief executive officer Pam Wallack has left the company and chairman Paul Pressler will replace her.
News & Analysis
What Happened to Saint Laurent’s LA-based Team After Hedi Slimane Left?
While many of Hedi Slimane’s inner circle have secured jobs in Europe since the designer departed the Kering-owned fashion house earlier this year, others are set on making Los Angeles their home, highlighting a broader dynamic.
What Happened to Saint Laurent’s LA-based Team After Hedi Slimane Left?
While many of Hedi Slimane’s inner circle have secured jobs in Europe since the designer departed the Kering-owned fashion house earlier this year, others are set on making Los Angeles their home, highlighting a broader dynamic.
News & Analysis
Lululemon Director Whose Existence Was Questioned Quits
One of Lululemon Athletica's longest-serving board members, recently the source of online speculation over her identity and background, has stepped down.
Lululemon Director Whose Existence Was Questioned Quits
One of Lululemon Athletica's longest-serving board members, recently the source of online speculation over her identity and background, has stepped down.
News & Analysis
Report: Berluti to Hire Haider Ackermann
Berluti is currently in talks to hire Haider Ackermann to replace Alessandro Sartori who returned to Ermenegildo Zegna in February, two sources close to the matter told Reuters.
Report: Berluti to Hire Haider Ackermann
Berluti is currently in talks to hire Haider Ackermann to replace Alessandro Sartori who returned to Ermenegildo Zegna in February, two sources close to the matter told Reuters.
News & Analysis
Roberto Cavalli Names Former Versace Head as New CEO
Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
Roberto Cavalli Names Former Versace Head as New CEO
Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
Financial Markets
Nike CEO’s Pay Almost Triples to $47.6 Million With Stock Award
Nike awarded chief executive officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
Nike CEO’s Pay Almost Triples to $47.6 Million With Stock Award
Nike awarded chief executive officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
News & Analysis
US Says Reaches Settlement on Discrimination Claim Against Macy's
Macy's will provide additional employee training and pay an $8,700 civil penalty under a settlement of allegations it discriminated against non-US citizens who were authorised to work, the US Justice Department has said.
US Says Reaches Settlement on Discrimination Claim Against Macy's
Macy's will provide additional employee training and pay an $8,700 civil penalty under a settlement of allegations it discriminated against non-US citizens who were authorised to work, the US Justice Department has said.
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.