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.
li-and-fung
China
Li & Fung Said to Work With Citigroup on Brands Business Spinoff
HONG KONG, China — Li & Fung Ltd. is working with Citigroup Inc. to spin off its brands business, valued at about $2 billion, people with knowledge
Li & Fung Said to Work With Citigroup on Brands Business Spinoff
HONG KONG, China — Li & Fung Ltd. is working with Citigroup Inc. to spin off its brands business, valued at about $2 billion, people with knowledge
China
The China Edit | Ma Ke, Leveraging Korean Style, Li & Fung, Shenzhen
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Ma Ke, Leveraging Korean Style, Li & Fung, Shenzhen
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
China
Li & Fung Shares Surge 19 Percent on Upbeat Earnings, Spin-off Plan
HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered
Li & Fung Shares Surge 19 Percent on Upbeat Earnings, Spin-off Plan
HONG KONG, China — Shares of global sourcing firm Li & Fung Ltd jumped to their highest in more than a year on Friday as investors cheered
Global Markets
Jean-Marc Loubier of First Heritage Brands on Bridging East and West
Divia Harilela sits down with Jean-Marc Loubier, chief executive of First Heritage Brands, an investment arm of the Fung Group which owns Robert Clergerie, Delvaux and Sonia Rykiel, to talk about his global investment strategy.
Jean-Marc Loubier of First Heritage Brands on Bridging East and West
Divia Harilela sits down with Jean-Marc Loubier, chief executive of First Heritage Brands, an investment arm of the Fung Group which owns Robert Clergerie, Delvaux and Sonia Rykiel, to talk about his global investment strategy.
News & Analysis
A Row of Opportunity, Part 1
In a fast-growing global menswear market, London's Savile Row, the traditional bastion of bespoke tailoring, is leveraging its unique, internationally-recognised heritage to launch more scalable ready-to-wear lines with new vigour. BoF reports.
A Row of Opportunity, Part 1
In a fast-growing global menswear market, London's Savile Row, the traditional bastion of bespoke tailoring, is leveraging its unique, internationally-recognised heritage to launch more scalable ready-to-wear lines with new vigour. BoF reports.
Technology
Science Fiction is Swiftly Becoming Fact
Exponential technologies, from artificial intelligence to digital manufacturing to synthetic biology, are set to “digitise, dematerialise, demonetise and democratise” entire industries, disrupting old business models and giving rise to new breakthroughs, say experts from the Silicon Valley-based Singularity University.
Science Fiction is Swiftly Becoming Fact
Exponential technologies, from artificial intelligence to digital manufacturing to synthetic biology, are set to “digitise, dematerialise, demonetise and democratise” entire industries, disrupting old business models and giving rise to new breakthroughs, say experts from the Silicon Valley-based Singularity University.
News & Analysis
Li & Fung Profit Misses Estimates on Weaker U.S. Demand
"Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, reported first-half profit that missed analyst estimates amid
Li & Fung Profit Misses Estimates on Weaker U.S. Demand
"Li & Fung Ltd., the world’s largest supplier of clothes and toys to retailers, reported first-half profit that missed analyst estimates amid
News & Analysis
Bangladesh Factory Victims Wait as Compensation Meeting Delayed
LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a
Bangladesh Factory Victims Wait as Compensation Meeting Delayed
LONDON, United Kingdom — A meeting to determine compensation for victims of two factory disasters in Bangladesh was postponed until September after a
News & Analysis
Blurring gender boundaries, LVMH strikes Hermès again, Li & Fung buys Cerruti, Yohji at the V&A, Bibhu Mohaputra
Fashion blurs gender boundaries (Telegraph) "Transsexuals, transvestites and models with no clear gender affiliation are all the rage in current
Blurring gender boundaries, LVMH strikes Hermès again, Li & Fung buys Cerruti, Yohji at the V&A, Bibhu Mohaputra
Fashion blurs gender boundaries (Telegraph) "Transsexuals, transvestites and models with no clear gender affiliation are all the rage in current
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.