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.

Eleven inspectors went to the retail giant's site near Milan after unions representing its workers called a strike on Black Friday.

Eleven inspectors went to the retail giant's site near Milan after unions representing its workers called a strike on Black Friday.

This week, photographer Bruce Weber is sued by a male model for sexual harassment, while Gucci offices were raided over tax evasion.

This week, photographer Bruce Weber is sued by a male model for sexual harassment, while Gucci offices were raided over tax evasion.

This week, Ivanka Trump's trip to India sparks questions about garment workers rights, while Stella McCartney calls for overhaul of wasteful fashion industry.

This week, Ivanka Trump's trip to India sparks questions about garment workers rights, while Stella McCartney calls for overhaul of wasteful fashion industry.

This week, Seventeen launches 'Here' community for LGBTQ teens, while fashion designers unite for Kering's #ICouldHaveBeen campaign.

This week, Seventeen launches 'Here' community for LGBTQ teens, while fashion designers unite for Kering's #ICouldHaveBeen campaign.

This week, Karl Lagerfeld was caught in controversy over his opinion on migrants in Europe, while the first Hijab-wearing Barbie is inspired by an Olympic fencer.

This week, Karl Lagerfeld was caught in controversy over his opinion on migrants in Europe, while the first Hijab-wearing Barbie is inspired by an Olympic fencer.

This week, unpaid workers for Zara left notes in clothes, and the MET Costume Institute is opening a fashion exhibition on catholicism.

This week, unpaid workers for Zara left notes in clothes, and the MET Costume Institute is opening a fashion exhibition on catholicism.

This week, the industry's condemnation of the sexually-predatory photographer is too little, too late, while H&M challenges claims it is destroying 60 tonnes of usable clothing.

This week, the industry's condemnation of the sexually-predatory photographer is too little, too late, while H&M challenges claims it is destroying 60 tonnes of usable clothing.

This week, Cameron Russell shares models' sexual abuse stories through Instagram, while the UK retailer, whose staff come from 45 countries, calls for tolerance.

This week, Cameron Russell shares models' sexual abuse stories through Instagram, while the UK retailer, whose staff come from 45 countries, calls for tolerance.

This week, Donna Karan is criticised after defending Harvey Weinstein and suggesting women are 'asking for it', while Dove's campaign blunders could be strategic as sales continue to rise.

This week, Donna Karan is criticised after defending Harvey Weinstein and suggesting women are 'asking for it', while Dove's campaign blunders could be strategic as sales continue to rise.

This week, retouched images are to come with a warning under French law, and can the industry find sustainable solutions to fast fashion's environmental problem?

This week, retouched images are to come with a warning under French law, and can the industry find sustainable solutions to fast fashion's environmental problem?

This week, ad campaigns are more racially diverse than runways, and how fake goods can be good for brand awareness.

This week, ad campaigns are more racially diverse than runways, and how fake goods can be good for brand awareness.

This week, understanding the ethical supply chain in brands, while white nationalists use fashion as a weapon to normalise.

This week, understanding the ethical supply chain in brands, while white nationalists use fashion as a weapon to normalise.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
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.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
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.
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
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.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
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.