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
Luxury
Fashion’s Age of Uncertainty
Key business leaders had little to be optimistic about this week in Milan, though strong debuts at Gucci and Jil Sander delivered the creative energy the industry is banking on to help power a turnaround, writes Imran Amed.
Fashion’s Age of Uncertainty
Key business leaders had little to be optimistic about this week in Milan, though strong debuts at Gucci and Jil Sander delivered the creative energy the industry is banking on to help power a turnaround, writes Imran Amed.
Retail
Exclusive: The Inside Story of Carhartt WIP’s Fashion Ascent
In his first interview since taking over as CEO, Wilfried Atzert opens up about his rise from the shop floor to the top job, and his plans to grow the brand without losing its underground credibility.
Exclusive: The Inside Story of Carhartt WIP’s Fashion Ascent
In his first interview since taking over as CEO, Wilfried Atzert opens up about his rise from the shop floor to the top job, and his plans to grow the brand without losing its underground credibility.
Luxury
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
Retail
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Beauty
L’Oréal Names New Americas CEO, Appoints Chairman
Alexis Perakis-Valat, currently president of its consumer products division, will accede to the role, replacing David Greenberg who will become the company’s US chairman.
L’Oréal Names New Americas CEO, Appoints Chairman
Alexis Perakis-Valat, currently president of its consumer products division, will accede to the role, replacing David Greenberg who will become the company’s US chairman.
Technology
Executive Memo | Everything Fashion Executives Need to Know About AI
The industry’s top decision makers may know all the AI buzzwords, but too many are lacking fundamental knowledge about how the most consequential technology in a decade actually works.
Executive Memo | Everything Fashion Executives Need to Know About AI
The industry’s top decision makers may know all the AI buzzwords, but too many are lacking fundamental knowledge about how the most consequential technology in a decade actually works.
Luxury
What François-Henry Bennahmias Did Next
The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.
What François-Henry Bennahmias Did Next
The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.
Luxury
Francesca Bellettini to Lead Gucci, Kering Confirms
Kering’s co-deputy CEO for brand development is set to replace Stefano Cantino at the helm of the troubled Italian megabrand. Jean-Marc Duplaix, co-deputy CEO and chief operating officer, will retain his COO title as new chief executive Luca de Meo moves quickly to streamline the company’s leadership structure.
Francesca Bellettini to Lead Gucci, Kering Confirms
Kering’s co-deputy CEO for brand development is set to replace Stefano Cantino at the helm of the troubled Italian megabrand. Jean-Marc Duplaix, co-deputy CEO and chief operating officer, will retain his COO title as new chief executive Luca de Meo moves quickly to streamline the company’s leadership structure.
Retail
Gap Taps Reed Krakoff and John Demsey to Lead Push Into Accessories and Beauty
Gap Inc. said it plans to launch beauty at Old Navy this fall in 150 stores, including some in the form of shop-in-shops. Accessories will encompass handbags, jewellery and leather goods across its portfolio. But venturing into new categories will pose a risk for a retailer still in the early innings of a turnaround.
Gap Taps Reed Krakoff and John Demsey to Lead Push Into Accessories and Beauty
Gap Inc. said it plans to launch beauty at Old Navy this fall in 150 stores, including some in the form of shop-in-shops. Accessories will encompass handbags, jewellery and leather goods across its portfolio. But venturing into new categories will pose a risk for a retailer still in the early innings of a turnaround.
Retail
Taylor Hill Launches Jewellery Brand Stone Fruit
The Victoria’s Secret Angel co-founded the collection with her sister Mackinley Hill.
Taylor Hill Launches Jewellery Brand Stone Fruit
The Victoria’s Secret Angel co-founded the collection with her sister Mackinley Hill.
Luxury
Ralph Lauren’s Next Chapter: Do More With More
At its first investor day since 2022, the brand will lay out a plan to build on its recent success, including expanding into 20 more cities and continuing to grow lucrative categories like handbags and outerwear.
Ralph Lauren’s Next Chapter: Do More With More
At its first investor day since 2022, the brand will lay out a plan to build on its recent success, including expanding into 20 more cities and continuing to grow lucrative categories like handbags and outerwear.
Luxury
Gucci CEO Said to Exit Amid Kering Shakeup
Kering deputy CEO Francesca Bellettini is set to replace Stefano Cantino at the helm of the troubled Italian megabrand, sources said, as new group chief executive Luca de Meo moves quickly to shake up the French conglomerate’s senior ranks.
Gucci CEO Said to Exit Amid Kering Shakeup
Kering deputy CEO Francesca Bellettini is set to replace Stefano Cantino at the helm of the troubled Italian megabrand, sources said, as new group chief executive Luca de Meo moves quickly to shake up the French conglomerate’s senior ranks.
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.