The first half of 2025 has been marred by an increasing number of retailers and their partners descending into bankruptcy, and ultimately liquidation, as the market continues to grapple with waning consumer confidence and heightened competition. From Forever 21 to Hudson’s Bay, we explore some of the most notable bankruptcies of the year so far, what caused their downfall and where they currently stand…
CaaStle
Resale platform CaaStle was already shrouded in controversy by the time it filed for bankruptcy in June. Amid concerns over financing, CEO Christine Hunsicker and other CaaStle executives had been accused of misrepresenting funds, and Hunsicker ultimately stepped down from the company. The platform had also found itself on…