CaaStle news and archive

Rental platform CaaStle files for bankruptcy amid fraud controversy

CaaStle Inc. has descended into bankruptcy, a new court filing has revealed, months after its former chief executive officer, Christine Hunsicker, was accused of fraud. The rental platform has filed for Chapter 7 bankruptcy in the District of Delaware, and is further preparing to liquidate its business. The petition, filed as case number...

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Business

CaaStle reportedly secures bridge loan to support Chapter 11 process

CaaStle has seemingly found a light at the end of the tunnel. The US fashion rental platform, which has worked with brands like LK Bennett and Derek Lam on branded rental offerings, is believed to have secured a 2.75 million dollar bridge loan to help support an impending Chapter 11 process and despite an ongoing lawsuit. According to a letter...

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Business

Derek Lam 10 Crosby launches rental offer through CaaStle

Derek Lam 10 Crosby has announced that a number of its collections will now be available to rent through a new partnership with B2B retail tech and logistics platform CaaStle. The brand’s ready-to-wear pieces, including items from its spring 2023 line, can now be rented via its e-commerce website, where a ‘Borrow’ button will be present. Through...

Retail

Dress The Population teams up with CaaStle for rental service

Dress The Population has become the latest brand to launch a rental service. The US label has teamed up with B2B rental technology platform CaaStle for the new service, aptly named ‘Borrow’, which allows shoppers to rent items online from Dress The Population’s evening and bridal collections over a 10-day rental period. At the end of the prepaid...