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.

Luca Martines, president of off season at Yoox Net-a-Porter Group, speaks exclusively to BoF about why Yoox has overhauled its website to focus on personalisation, omnichannel and editorial content.

Luca Martines, president of off season at Yoox Net-a-Porter Group, speaks exclusively to BoF about why Yoox has overhauled its website to focus on personalisation, omnichannel and editorial content.

Getting consumers to buy luxury products on Amazon.com is just one small piece of a much wider strategy to disrupt the fashion industry like never before.

Getting consumers to buy luxury products on Amazon.com is just one small piece of a much wider strategy to disrupt the fashion industry like never before.

This week, Google is experimenting with search carousels curated by catwalk brands and Asos pays £20 million for trademark infringement.

This week, Google is experimenting with search carousels curated by catwalk brands and Asos pays £20 million for trademark infringement.

This week, Chinese luxury consumers are moving online and the future of shoppable video.

This week, Chinese luxury consumers are moving online and the future of shoppable video.

Letgo said it's on track to reach $13.2 billion in gross merchandise value this year.

Letgo said it's on track to reach $13.2 billion in gross merchandise value this year.

In the past few years, India experienced its biggest-ever startup boom, with entrepreneurs founding thousands of companies. Now the country is getting its own version of a dot-com bust.

In the past few years, India experienced its biggest-ever startup boom, with entrepreneurs founding thousands of companies. Now the country is getting its own version of a dot-com bust.

This week, Instagram and Pinterest expand their offerings to businesses, and a New York start-up is engineering lab-grown leather.

This week, Instagram and Pinterest expand their offerings to businesses, and a New York start-up is engineering lab-grown leather.

Designers must integrate software, sensors, processors and new synthetic and biological materials into their toolkit, argues Todd Harple.

Designers must integrate software, sensors, processors and new synthetic and biological materials into their toolkit, argues Todd Harple.

The beginnings of a fundamental transformation in the way we create, communicate and consume fashion are already taking shape.

The beginnings of a fundamental transformation in the way we create, communicate and consume fashion are already taking shape.

This week, the battle for users amongst India's tech companies heats up, while an MIT innovation lab pioneers technical apparel for people with disabilities.

This week, the battle for users amongst India's tech companies heats up, while an MIT innovation lab pioneers technical apparel for people with disabilities.

This week, in the biggest ever e-commerce acquisition, Walmart bought $3.3 billion Jet.com, while African web startups are trying to tap the continent's one billion consumers.

This week, in the biggest ever e-commerce acquisition, Walmart bought $3.3 billion Jet.com, while African web startups are trying to tap the continent's one billion consumers.

With Wal-Mart buying Jet.com for $3.3 billion, some of the biggest names on Wall Street and Silicon Valley from Goldman Sachs Group Inc. to Google’s venture arm are cashing in.

With Wal-Mart buying Jet.com for $3.3 billion, some of the biggest names on Wall Street and Silicon Valley from Goldman Sachs Group Inc. to Google’s venture arm are cashing in.
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.