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.

After months of political wrangling, Europe’s Parliament has reached a deal to significantly scale back landmark corporate sustainability rules, paving the way for much laxer environmental reporting and due diligence requirements for large fashion brands.

After months of political wrangling, Europe’s Parliament has reached a deal to significantly scale back landmark corporate sustainability rules, paving the way for much laxer environmental reporting and due diligence requirements for large fashion brands.

As the Californian outerwear brand publishes its first ever sustainability progress report, its 50-year effort to model and promote a more climate-friendly form of capitalism is under threat.

As the Californian outerwear brand publishes its first ever sustainability progress report, its 50-year effort to model and promote a more climate-friendly form of capitalism is under threat.

As the UN’s annual COP climate summit gets underway against a challenging backdrop, the industry’s near-term pledges to help cap planet-warming emissions are slipping out of reach.

As the UN’s annual COP climate summit gets underway against a challenging backdrop, the industry’s near-term pledges to help cap planet-warming emissions are slipping out of reach.

The standards big brands rely on to back up their green claims are facing intense and unflattering scrutiny, Trump’s trade war is having far-reaching and destructive impacts on the lives of garment workers and what to watch ahead of the UN’s COP climate summit.

The standards big brands rely on to back up their green claims are facing intense and unflattering scrutiny, Trump’s trade war is having far-reaching and destructive impacts on the lives of garment workers and what to watch ahead of the UN’s COP climate summit.

Two months since the US hit India with 50 percent import duties, labourers in the country’s largest apparel manufacturing hubs face mass layoffs, reduced hours, and indefinite furloughs. The message from factories: “Come back once things in America get better.”

Two months since the US hit India with 50 percent import duties, labourers in the country’s largest apparel manufacturing hubs face mass layoffs, reduced hours, and indefinite furloughs. The message from factories: “Come back once things in America get better.”

Some in the industry are becoming more vocal in suggesting that government, not brands, should be responsible for violations deep in the luxury supply chain and things are getting political.

Some in the industry are becoming more vocal in suggesting that government, not brands, should be responsible for violations deep in the luxury supply chain and things are getting political.

Big luxury has deployed a tried and tested playbook to defuse the fallout from an ongoing sweatshop scandal, there’s been an unusual level of regulatory drama in Brussels and we’re giving up on the prospect of an Hermès handbag made from mushroom leather.

Big luxury has deployed a tried and tested playbook to defuse the fallout from an ongoing sweatshop scandal, there’s been an unusual level of regulatory drama in Brussels and we’re giving up on the prospect of an Hermès handbag made from mushroom leather.

Europe is pushing ahead with moves to water down flagship sustainability rules in a bid to boost competitiveness, while Italian lawmakers are looking at ways to protect ‘Made in Italy’ from the fallout of a sweatshop scandal.

Europe is pushing ahead with moves to water down flagship sustainability rules in a bid to boost competitiveness, while Italian lawmakers are looking at ways to protect ‘Made in Italy’ from the fallout of a sweatshop scandal.

Effective strategies for responsible business already exist. The real opportunity for big brands now is to lead by putting them into practice, writes Caterina Occhio.

Effective strategies for responsible business already exist. The real opportunity for big brands now is to lead by putting them into practice, writes Caterina Occhio.

In an excerpt from her forthcoming book, Arabelle Sicardi outlines the required resources, water wastes, deforestation and pollution that are “all part of the story of every product in your makeup bag.”

In an excerpt from her forthcoming book, Arabelle Sicardi outlines the required resources, water wastes, deforestation and pollution that are “all part of the story of every product in your makeup bag.”

Industry coalition ReHubs is calling for billions of dollars of investment to establish industrialised textile recycling capabilities in Europe. For its strategy to work, many elements still need to fall into place.

Industry coalition ReHubs is calling for billions of dollars of investment to establish industrialised textile recycling capabilities in Europe. For its strategy to work, many elements still need to fall into place.

The American watch brand has launched a campaign to encourage its Swiss rivals to consider manufacturing in the US in the face of steep tariffs.

The American watch brand has launched a campaign to encourage its Swiss rivals to consider manufacturing in the US in the face of steep tariffs.
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.