**Fashion Rental Service CaaStle Faces Financial Crisis After Founder’s Misconduct Allegations**

The fashion rental logistics company CaaStle is experiencing an urgent financial crisis following accusations of financial misconduct against its founder. The company has temporarily furloughed employees, and several partner brands—including Maje, Ralph Lauren, and Rebecca Minkoff—have shut down their CaaStle-operated rental subscription services.

CaaStle provides backend rental logistics for fashion brands, enabling them to offer clothing rental subscriptions. However, the company is now struggling with an “immediate liquidity challenge” due to the allegations.

This development raises concerns about the future of fashion rental services, which have gained popularity in recent years as consumers seek more sustainable shopping alternatives. The situation also highlights the risks associated with start-ups in the rapidly evolving retail sector.

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