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.

This week, French luxury conglomerate Kering made a commitment to go entirely fur-free, but the calculus looks different for LVMH, the world’s largest luxury group.

This week, French luxury conglomerate Kering made a commitment to go entirely fur-free, but the calculus looks different for LVMH, the world’s largest luxury group.

Kering brands like Gucci and Bottega Veneta banned fur years ago, but the French luxury group is extending the policy across all its labels.

Kering brands like Gucci and Bottega Veneta banned fur years ago, but the French luxury group is extending the policy across all its labels.

The industry association for Danish mink breeders said the government's decision amounted to a death knell for the country's pelt industry.

The industry association for Danish mink breeders said the government's decision amounted to a death knell for the country's pelt industry.

On stage at BoF VOICES, the fashion photographer called on industry leaders to stop working with fur, feathers and exotic skins.

On stage at BoF VOICES, the fashion photographer called on industry leaders to stop working with fur, feathers and exotic skins.
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Governor Gavin Newsom called it one of the strongest animal rights laws in US history.'

Governor Gavin Newsom called it one of the strongest animal rights laws in US history.'

As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.

As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.

Global fur sales fell to $33 billion last year, down from $40 billion in 2015. Now, Saga Furs, which provides fur for numerous high fashion houses, is turning to influencers like Bryanboy to turn the tide.

Global fur sales fell to $33 billion last year, down from $40 billion in 2015. Now, Saga Furs, which provides fur for numerous high fashion houses, is turning to influencers like Bryanboy to turn the tide.

The mayor of New York's announcement he plans to ban fur may be a potential impasse to his presidential run.

The mayor of New York's announcement he plans to ban fur may be a potential impasse to his presidential run.
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After a targeted public protest and behind-the-scenes discussions with activist groups, the luxury group will stop using animal fur from Spring/Summer 2020 onwards.

After a targeted public protest and behind-the-scenes discussions with activist groups, the luxury group will stop using animal fur from Spring/Summer 2020 onwards.

The Italian luxury goods group has vowed to stop the use of fur in line with the changing face of consumer attitude.

The Italian luxury goods group has vowed to stop the use of fur in line with the changing face of consumer attitude.

The group's Animal Welfare Standards support prohibiting intensive farming and the use of sub-therapeutic antibiotic treatments.

The group's Animal Welfare Standards support prohibiting intensive farming and the use of sub-therapeutic antibiotic treatments.

Inez and Vinoodh, Diane Von Furstenberg and Tonne Goodman are among the creatives that have committed to Alexi Lubomirski’s new Creatives4Change initiative.

Inez and Vinoodh, Diane Von Furstenberg and Tonne Goodman are among the creatives that have committed to Alexi Lubomirski’s new Creatives4Change initiative.
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.