Cathaleen Chen - Profile and Journalist Details
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Cathaleen Chen
Verified
Reporter, Business of Fashion (BOF)
New York
Beats
Travel, Spa , Lifestyle, Kids, Beauty , Parenting
Anything not vegan or animal rights related.
Content
By Cathaleen Chen Verified| Business of Fashion (BOF) Verified Over the last decade, dozens of brands, from H&M and Bloomingdale’s to Banana Republic and Burberry, have dabbled in renting out the clothes they sell in their stores. Today, the number of major retailers that do so is in single digits, and falling fast. Earlier this week, CaaStle, which handled the logistics for most branded rental services in the US, said it was facing a “severe and immediate liquidity problem” and alleged its founder Christine Hunsicker had committed fraud.
Fashion Rental Service CaaStle Faces ‘Immediate Liquidity Challenge’ After Founder Accused of Financial Misconduct
By Cathaleen Chen Verified| Business of Fashion (BOF) Verified CaaStle, a provider of clothing rental logistics services for brands including Maje, Ralph Lauren and Rebecca Minkoff, has furloughed all employees and faces liquidity issues following fraud allegations against founder and former chief executive Christine Hunsicker, according to a March 29 letter sent by the company’s board to shareholders and reviewed by The Business of Fashion.
By Cathaleen Chen Verified| Business of Fashion (BOF) Verified Over the last decade, dozens of brands, from H&M and Bloomingdale’s to Banana Republic and Burberry, have dabbled in renting out the clothes they sell in their stores. Today, the number of major retailers that do so is in single digits, and falling fast. Earlier this week, CaaStle, which handled the logistics for most branded rental services in the US, said it was facing a “severe and immediate liquidity problem” and alleged its founder Christine Hunsicker had committed fraud.
Company Info
Business of Fashion (BOF)
The Business of Fashion is a London-based media company founded in 2007. It specializes in providing comprehensive coverage of the global fashion and beauty industries, which are valued at $2.5 trillion. The company is known for its authoritative analysis and serves as a vital resource for professionals in these sectors. The Business of Fashion operates a digital platform that offers breaking news, trend reports, and market intelligence on luxury, sustainability, marketing, and beauty. It provides industry insights tailored for creatives, executives, and entrepreneurs, along with advisory services that deliver strategic advice and thought leadership for stakeholders. The company has raised a total of $2.1 million in funding, with notable investors including Index Ventures, Felix Capital, LVMH Luxury Ventures, and the Financial Times. Its mission is to open, inform, and connect the fashion and beauty industries worldwide.
Founded: 2007