Articles by Prachi Singh
Based in India, Prachi has been associated with FashionUnited for over a decade as freelance editor-finance. She did BA in English Literature from Goa University and then did a diploma in journalism from Xavier Institute of Communications, Bombay. After actively working for various publications in the fashion/apparel and textile space in India, she covers financial reporting, mergers & acquisitions and new appointments at FashionUnited.
Lululemon updates full-year outlook following domestic slowdown
Canadian athletic apparel brand Lululemon Athletica Inc. (Lululemon) reported its financial results for the first quarter of fiscal year 2026, ended June 4, 2026, revealing steady international growth alongside deceleration in its domestic market. As detailed in the official press release, total net revenue for the period reached 2.47 billion...
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Rent the Runway reports 29.2 percent revenue growth for first quarter 2026
US clothing rental platform Rent the Runway has announced its financial results for the first quarter of fiscal year 2026, ended April 10, 2026, revealing strong top-line momentum and narrowing losses. Total revenue for the period reached 89.90 million dollars, representing a 29.20 percent increase year-over-year (YoY) compared to 69.60 million...
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Footasylum partners with Trapstar to accelerate streetwear brand's growth
UK sports-fashion and lifestyle retailer Footasylum has entered into a strategic partnership with British streetwear giant Trapstar. The move aims to accelerate the label’s next phase of growth while preserving its core creative independence, positioning Footasylum as a key incubator for premier streetwear. Under the agreement, Footasylum will...
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Asda stabilizes revenue as core turnaround progresses
UK-based supermarket group Asda has announced its first quarter financial results for the three-month period ending March 31, 2026, highlighting a steady stabilization across its core operations under its Formula for Growth turnaround plan. Total revenues, excluding fuel sales, reached 5 billion pounds for the first quarter, representing a...
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Debenhams Group reports return to growth in Q1 2026
UK online retail group Boohoo Group plc, which operates as Debenhams Group, reported a return to growth for its first quarter ended May 31, 2026. The company experienced an acceleration in its multi-year turnaround momentum, with group gross merchandise value, or GMV, increasing by 0.5 percent year-over-year. Trading during May was notably...
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Former Meta executive Violaine Gressier joins Condé Nast France
US media company Condé Nast announced the appointment of Violaine Gressier as chief business officer for France, effective June 22, 2026. Based in the Paris office of Condé Nast and reporting to Elizabeth Herbst-Brady, the chief revenue officer of Condé Nast, Gressier will oversee all revenue activities across the portfolio of the company in...
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British Land welcomes Joanne McNamara as chief executive officer
British Land has appointed Joanne McNamara as its new chief executive officer, succeeding Simon Carter, who is stepping down after 18 years with the company, including the last five as CEO. McNamara joins from Oxford Properties, where she currently serves as executive vice president, Europe. Oxford Properties is the global real estate...
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Dobell secures equity investment and strategic backing from Champions
UK-based business growth expert Champions (UK) plc (Champions) has announced a new global partnership with menswear e-commerce brand Dobell. The deal, which includes a significant equity investment from Champions, marks a new chapter for both organisations. Champions will provide its full-service expertise in strategy, digital marketing and...
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London streetwear brand Trapstar seeks buyer amid cash crunch
UK streetwear label Trapstar has been placed on an insolvency marketplace as the business seeks a buyer to navigate working capital challenges, according to a report by London-based business publication City AM. The fashion house was founded in 2005. It achieved global prominence by pioneering the drop retail model, utilising short-notice social...
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Lanvin Group appoints Xi Luo as chief financial officer
China-based luxury fashion group Lanvin Group announced the appointment of Xi Luo as chief financial officer, effective June 1, 2026. In this position, Luo will manage the financial operations of the company, including financial planning and analysis, accounting, controllership, treasury, investments, and investor relations. Luo possesses more...
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