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.
tax
Financial Markets
N Brown Sees Higher Tax on Marketing Costs
The plus sized fashion retailer said tax on marketing costs would rise between £6 million and £9 million annually as a result of a long-running dispute with the British government over tax recovery.
N Brown Sees Higher Tax on Marketing Costs
The plus sized fashion retailer said tax on marketing costs would rise between £6 million and £9 million annually as a result of a long-running dispute with the British government over tax recovery.
Beauty
Walmart Asks Beauty Suppliers to Look Beyond China for Sourcing
To get ahead of tariffs, the supermarket chain asked suppliers if they have facilities outside of China, and if not, whether they would consider investing in some to broaden their sourcing ability.
Walmart Asks Beauty Suppliers to Look Beyond China for Sourcing
To get ahead of tariffs, the supermarket chain asked suppliers if they have facilities outside of China, and if not, whether they would consider investing in some to broaden their sourcing ability.
Financial Markets
Handbags, Apparel Hit as Trump Tariffs Target Consumers
The new list of products subject to duties has been expanded to target categories such as sporting goods and apparel items.
Handbags, Apparel Hit as Trump Tariffs Target Consumers
The new list of products subject to duties has been expanded to target categories such as sporting goods and apparel items.
Financial Markets
Trump Spares Made-in-USA Apparel as Most Machinery Tariff-Free
The exclusion of most apparel equipment from the new tariffs has allayed fears that manufacturers would push higher costs on to consumers, but the prospect of retaliation from China is a worrying threat.
Trump Spares Made-in-USA Apparel as Most Machinery Tariff-Free
The exclusion of most apparel equipment from the new tariffs has allayed fears that manufacturers would push higher costs on to consumers, but the prospect of retaliation from China is a worrying threat.
Sustainability
Social Goods | Fashion Among Worst Pay Gap Offenders, US Tariffs on Developing Countries
This week, companies like Condé Nast and Victoria's Secret have the biggest gender pay gaps in the UK, while the US imposes its highest tariffs on poor countries.
Social Goods | Fashion Among Worst Pay Gap Offenders, US Tariffs on Developing Countries
This week, companies like Condé Nast and Victoria's Secret have the biggest gender pay gaps in the UK, while the US imposes its highest tariffs on poor countries.
Financial Markets
What Trump’s Trade War Means for Fashion
As fears of a trade war begin to ebb, the tension felt by supply chain leaders appears to be lifting. But given president Trump’s characteristic unpredictability, the fashion industry is not out of the woods yet.
What Trump’s Trade War Means for Fashion
As fears of a trade war begin to ebb, the tension felt by supply chain leaders appears to be lifting. But given president Trump’s characteristic unpredictability, the fashion industry is not out of the woods yet.
Financial Markets
Kering Refutes Tax Evasion Claims
The French luxury-goods group has responded to reports that it used a Swiss-based scheme to evade taxes on earnings from brands like Gucci and Saint Laurent.
Kering Refutes Tax Evasion Claims
The French luxury-goods group has responded to reports that it used a Swiss-based scheme to evade taxes on earnings from brands like Gucci and Saint Laurent.
Financial Markets
EU Proposes Retaliatory Tariffs Against US Clothing and Cosmetics
The European Union is preparing punitive tariffs on iconic US brands, raising political pressure on President Donald Trump to ditch his plans for taxing steel and aluminium imports.
EU Proposes Retaliatory Tariffs Against US Clothing and Cosmetics
The European Union is preparing punitive tariffs on iconic US brands, raising political pressure on President Donald Trump to ditch his plans for taxing steel and aluminium imports.
Luxury
Trump Tax Reform Won’t Boost Luxury Brands
US president Trump’s tax reforms have been widely portrayed as favouring the wealthy, in which case Europe’s luxury giants should benefit. Not so, argues Luca Solca.
Trump Tax Reform Won’t Boost Luxury Brands
US president Trump’s tax reforms have been widely portrayed as favouring the wealthy, in which case Europe’s luxury giants should benefit. Not so, argues Luca Solca.
Financial Markets
U.S. Top Court to Decide If Online Retailers Must Collect State Sales Tax
South Dakota wants to overturn a 1992 Supreme Court ruling that companies with no physical presence in a state are not required to collect a state sales tax on purchases.
U.S. Top Court to Decide If Online Retailers Must Collect State Sales Tax
South Dakota wants to overturn a 1992 Supreme Court ruling that companies with no physical presence in a state are not required to collect a state sales tax on purchases.
Financial Markets
Amazon to Pay €100 Million to Settle Italy Tax Dispute
The e-commerce giant has faced a crackdown by countries, especially in Europe, trying to increase revenues from major corporations and close loopholes.
Amazon to Pay €100 Million to Settle Italy Tax Dispute
The e-commerce giant has faced a crackdown by countries, especially in Europe, trying to increase revenues from major corporations and close loopholes.
Financial Markets
Social Goods | Bruce Weber Accused of Sexual Misconduct, Police Raid Gucci Offices
This week, photographer Bruce Weber is sued by a male model for sexual harassment, while Gucci offices were raided over tax evasion.
Social Goods | Bruce Weber Accused of Sexual Misconduct, Police Raid Gucci Offices
This week, photographer Bruce Weber is sued by a male model for sexual harassment, while Gucci offices were raided over tax evasion.
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.