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.

Oberg stepped into the top job at her startup last August. In an exclusive interview with The Business of Fashion, she explained how she plans to scale her business while sidestepping the ‘founder’s ego’ problem that has doomed many emerging brands.

Oberg stepped into the top job at her startup last August. In an exclusive interview with The Business of Fashion, she explained how she plans to scale her business while sidestepping the ‘founder’s ego’ problem that has doomed many emerging brands.

Former Etsy HR chief Kim Seymour joins the brand, valued at $5 billion, as it builds out leadership across beauty, retail and international markets.

Former Etsy HR chief Kim Seymour joins the brand, valued at $5 billion, as it builds out leadership across beauty, retail and international markets.

At VOICES 2025, senior correspondent Sheena Butler-Young sits down with celebrated designers Clare Waight Keller and Maria Cornejo to discuss what it means to build a career in fashion as a woman today.

At VOICES 2025, senior correspondent Sheena Butler-Young sits down with celebrated designers Clare Waight Keller and Maria Cornejo to discuss what it means to build a career in fashion as a woman today.

From beauty labels like BLK/OPL to retailers such as Lulus, more companies are tapping seasoned fractional talent who bring expertise and low commitment in a volatile economic climate.

From beauty labels like BLK/OPL to retailers such as Lulus, more companies are tapping seasoned fractional talent who bring expertise and low commitment in a volatile economic climate.
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From Kering to Nike to Everlane, fashion and beauty companies are turning to fixers to get back on track — with mandates to steady finances, reset culture and reignite consumer desire.

From Kering to Nike to Everlane, fashion and beauty companies are turning to fixers to get back on track — with mandates to steady finances, reset culture and reignite consumer desire.
The former Gucci CEO emphasised the importance of finding the right people and talent while accepting an honorary degree from the University for the Creative Arts.
The former Gucci CEO emphasised the importance of finding the right people and talent while accepting an honorary degree from the University for the Creative Arts.

In 2020, fashion pledged solidarity and systemic change. Now, as political tides have turned, only a few brands are willing to speak up — or follow through.

In 2020, fashion pledged solidarity and systemic change. Now, as political tides have turned, only a few brands are willing to speak up — or follow through.

DEI workers are repositioning and rebranding to get contracts and retain remaining staff positions, distancing themselves from conversations around race and gender and instead prioritising their leadership expertise.

DEI workers are repositioning and rebranding to get contracts and retain remaining staff positions, distancing themselves from conversations around race and gender and instead prioritising their leadership expertise.
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Brands like Warby Parker and Glow Recipe are thriving with two leaders at the top — but experts caution the model only works when the market conditions are right, roles are clearly defined and egos stay in check.

Brands like Warby Parker and Glow Recipe are thriving with two leaders at the top — but experts caution the model only works when the market conditions are right, roles are clearly defined and egos stay in check.

Sinking brand valuations, a shaky economy, and the rollback of DEI initiatives are pressuring women founders in fashion and beauty — but a new playbook is helping them navigate the storm.

Sinking brand valuations, a shaky economy, and the rollback of DEI initiatives are pressuring women founders in fashion and beauty — but a new playbook is helping them navigate the storm.

From Burberry to Michael Kors and Under Armour, brands are leaning on product chiefs to navigate economic uncertainty and reignite innovation.

From Burberry to Michael Kors and Under Armour, brands are leaning on product chiefs to navigate economic uncertainty and reignite innovation.

Brands, retailers and their employees are negotiating a new approach to diversity, equity and inclusion initiatives for the Trump era — and that often means avoiding the term itself.

Brands, retailers and their employees are negotiating a new approach to diversity, equity and inclusion initiatives for the Trump era — and that often means avoiding the term itself.
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.