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.
leadership
Global Markets
Worldview | Sao Paulo Fashion Week Stages Blockbuster Anniversary Event
This week’s round-up of global markets fashion business news also features India’s Reliance Retail and fashion week events in Shanghai, Riyadh and Mexico City.
Worldview | Sao Paulo Fashion Week Stages Blockbuster Anniversary Event
This week’s round-up of global markets fashion business news also features India’s Reliance Retail and fashion week events in Shanghai, Riyadh and Mexico City.
Luxury
Hermès Men’s Artistic Director Véronique Nichanian Steps Down
The designer, who led the brand for 37 years, will present her last collection in January, a spokesperson for Hermès has confirmed.
Hermès Men’s Artistic Director Véronique Nichanian Steps Down
The designer, who led the brand for 37 years, will present her last collection in January, a spokesperson for Hermès has confirmed.
News & Analysis
Awar Odhiang, Bryan Yambao, Susanna Lau and Pierce Abernathy Join the BoF VOICES 2025 Speaker Lineup
Riz Ahmed, Luca Guadagnino, DJ Black Coffee and June Sarpong are amongst the latest confirmed speakers for BoF’s annual gathering for big thinkers, now in its tenth year.
Awar Odhiang, Bryan Yambao, Susanna Lau and Pierce Abernathy Join the BoF VOICES 2025 Speaker Lineup
Riz Ahmed, Luca Guadagnino, DJ Black Coffee and June Sarpong are amongst the latest confirmed speakers for BoF’s annual gathering for big thinkers, now in its tenth year.
Luxury
Armani Names Deputy Managing Director and Long-time Giorgio Armani Ally as CEO
Giuseppe Marsocci, who has been with Armani for 23 years, takes over as the company searches for a buyer.
Armani Names Deputy Managing Director and Long-time Giorgio Armani Ally as CEO
Giuseppe Marsocci, who has been with Armani for 23 years, takes over as the company searches for a buyer.
Technology
RTFKT Co-Founder Has Died
Benoît Pagotto, who co-founded the virtual fashion platform RTFKT that Nike acquired in 2021 and shuttered last year, passed away earlier this month, friends and associates confirmed.
RTFKT Co-Founder Has Died
Benoît Pagotto, who co-founded the virtual fashion platform RTFKT that Nike acquired in 2021 and shuttered last year, passed away earlier this month, friends and associates confirmed.
Retail
Can Kim Kardashian Conquer Activewear?
The multi-hyphenate mogul is pushing into the activewear category with NikeSkims, a high-profile partnership that will test her brand-building power on an even bigger stage.
Can Kim Kardashian Conquer Activewear?
The multi-hyphenate mogul is pushing into the activewear category with NikeSkims, a high-profile partnership that will test her brand-building power on an even bigger stage.
Luxury
Exclusive: Matthieu Blazy’s Vision for Chanel, Revealed
With the season’s hottest debut, Blazy is charting new territory for Chanel — and fashion itself — fuelled by new insights into Gabrielle Chanel’s own creative process, the designer tells Tim Blanks in an in-depth global exclusive interview.
Exclusive: Matthieu Blazy’s Vision for Chanel, Revealed
With the season’s hottest debut, Blazy is charting new territory for Chanel — and fashion itself — fuelled by new insights into Gabrielle Chanel’s own creative process, the designer tells Tim Blanks in an in-depth global exclusive interview.
Beauty
Why Beauty Companies Keep Cutting Their Portfolios
As shoppers and investors alike tighten their purse strings, a renewed focus on proven, lasting brands and categories is thinning the herd.
Why Beauty Companies Keep Cutting Their Portfolios
As shoppers and investors alike tighten their purse strings, a renewed focus on proven, lasting brands and categories is thinning the herd.
Luxury
Yohji Yamamoto: ‘The Fashion Business Is Disappearing’
The 82-year-old punk poet anti-hero of fashion has grown a brand that now generates more than $200 million a year, but there is plenty he is angry about as he prepares his label for the future.
Yohji Yamamoto: ‘The Fashion Business Is Disappearing’
The 82-year-old punk poet anti-hero of fashion has grown a brand that now generates more than $200 million a year, but there is plenty he is angry about as he prepares his label for the future.
News & Analysis
Introducing The BoF 500 Class of 2025
Our newest BoF 500 members have demonstrated leadership, creativity, innovation and impact amid a fashion industry in a state of flux.
Introducing The BoF 500 Class of 2025
Our newest BoF 500 members have demonstrated leadership, creativity, innovation and impact amid a fashion industry in a state of flux.
Luxury
Silvia Venturini Fendi Steps Down as Creative Director
The designer will become honorary president of the Roman fur and leather goods house, said owner LVMH. A new creative configuration will be announced in ‘due time.’
Silvia Venturini Fendi Steps Down as Creative Director
The designer will become honorary president of the Roman fur and leather goods house, said owner LVMH. A new creative configuration will be announced in ‘due time.’
Technology
The Tech Fashion Darling Accused of Swindling Investors Out of $300 Million
CaaStle pulled off one of the biggest financial heists in recent tech history, according to the SEC and DOJ. The company’s embattled CEO says there’s more to the story.
The Tech Fashion Darling Accused of Swindling Investors Out of $300 Million
CaaStle pulled off one of the biggest financial heists in recent tech history, according to the SEC and DOJ. The company’s embattled CEO says there’s more to the story.
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.