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Economic Times

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Image Credit: Economic Times

Fashion startup CaaStle CEO Hunsicker resigns over fraud claim as firm teeters

  • Christine Hunsicker, CEO of fashion startup CaaStle, has resigned after allegations of misrepresenting the company's performance
  • CaaStle faces a severe liquidity problem and potential options include wind down, liquidation, or strategic transaction
  • Investigations are underway concerning the alleged fraud and the company is cooperating with authorities
  • George Goldenberg, the company's COO and board member, has been appointed as interim CEO

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