Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.

This week, LVMH says it will never sell on Amazon and Alibaba allows VR customers to pay by nodding.

This week, LVMH says it will never sell on Amazon and Alibaba allows VR customers to pay by nodding.

This week, robot-made clothes are closer to being a reality and Facebook and Google focus on VR.

This week, robot-made clothes are closer to being a reality and Facebook and Google focus on VR.

At that pace, venture investment is projected to hit $74 billion by year's end, falling short only of the investment levels in 2000 and 2014.

At that pace, venture investment is projected to hit $74 billion by year's end, falling short only of the investment levels in 2000 and 2014.

This week, an investigation into e-commerce retailer Asos's working conditions and Hussein Chalayan partners with Intel.

This week, an investigation into e-commerce retailer Asos's working conditions and Hussein Chalayan partners with Intel.

The deal could benefit both Wal-Mart and Flipkart. The Indian retailer would get access to much-needed capital while Wal-Mart would gain exposure to India’s expanding e-commerce market and challenge Amazon on more equal footing than the US.

The deal could benefit both Wal-Mart and Flipkart. The Indian retailer would get access to much-needed capital while Wal-Mart would gain exposure to India’s expanding e-commerce market and challenge Amazon on more equal footing than the US.

This week, Snapchat launches its first wearable, while LVMH's digital revolution has been slow to start.

This week, Snapchat launches its first wearable, while LVMH's digital revolution has been slow to start.

Rocket Internet said it had made progress to cut losses at its main start-ups and reiterated that it expected three of them to turn profitable by the end of 2017.

Rocket Internet said it had made progress to cut losses at its main start-ups and reiterated that it expected three of them to turn profitable by the end of 2017.

This week, Coach stops selling handbags on Alibaba's TMall and digital lifestyle media company Mode Media shuts down.

This week, Coach stops selling handbags on Alibaba's TMall and digital lifestyle media company Mode Media shuts down.

This week, Apple launches the iPhone 7, Amazon reportedly considers pop-up shops and Snapchat could IPO soon.

This week, Apple launches the iPhone 7, Amazon reportedly considers pop-up shops and Snapchat could IPO soon.

A slew of fashion start-ups are crowdsourcing critical business decisions. Is it working?

A slew of fashion start-ups are crowdsourcing critical business decisions. Is it working?

Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc. but was rebuffed during a months-long process that eventually led to Verizon Communications Inc. acquiring the US internet company’s core assets for more than $4.8 billion

Yahoo Japan Corp. proposed a “merger of equals” with Yahoo! Inc. but was rebuffed during a months-long process that eventually led to Verizon Communications Inc. acquiring the US internet company’s core assets for more than $4.8 billion

Amazon.com is speeding the delivery of small, flat items in its continuing push against rival marketplaces that help overseas manufacturers and suppliers sell directly to US shoppers.

Amazon.com is speeding the delivery of small, flat items in its continuing push against rival marketplaces that help overseas manufacturers and suppliers sell directly to US shoppers.
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Eurocommerce, whose members include H&M and Inditex, argued AI-generated ads should be exempt from a rule requiring disclosure of AI use.
The companies are collaborating with eyewear makers Warby Parker and Gentle Monster.
The AI-powered styling and shopping app raised a $5.5 million Series A as it looks to expand.
The tool generates product comparisons or suggestions and will appear by default starting this week for US-based users.