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.
MySize reports Q1 revenue increase of 62 percent driven by e-commerce and acquisitions
The Israeli fashion technology firm MySize has announced its financial results for the first quarter ended March 31, 2026, revealing a significant increase in turnover and gross margin expansion. The company, which focuses on artificial intelligence (AI) sizing solutions and e-commerce operations, reported that revenue for the first quarter (Q1)...
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Canada Goose posts 13.3 percent revenue increase for fiscal year 2026
Canadian luxury brand Canada Goose has announced its financial results for the fourth quarter and fiscal year ended March 29, 2026, revealing a total annual revenue increase of 13.3 percent to 1.53 billion Canadian dollars (1.11 billion dollars). The performance was bolstered by a strong direct-to-consumer (DTC) showing and an expansion of its...
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LVMH to sell Marc Jacobs to WHP Global and G-III Apparel Group
LVMH has entered into a definitive agreement to sell the Marc Jacobs label to New York-based brand management firm WHP Global. Announced on May 14, 2026, the transaction brings to a close nearly three decades of partnership between the luxury giant and the American designer. As part of the deal, G-III Apparel Group will join WHP Global in...
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Burberry returns to profit as William Jackson named new chair
UK luxury brand Burberry has reached a meaningful inflection point in its financial recovery, reporting a return to profitable comparable store sales growth for the 52 weeks ended March 28, 2026. The results coincide with the announcement that Gerry Murphy will retire as chair in November 2026, to be succeeded by Bridgepoint Group founder...
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Fossil Group Q1: operating income up, net sales down
US accessories company Fossil Group has reported its financial results for the first quarter ended April 10, 2026, revealing an improved operating performance despite a slight contraction in net sales. The group achieved an operating income of 12 million dollars, a significant recovery from the 6.70 million dollar loss recorded during the same...
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Rent the Runway co-founder Jennifer Hyman to step down as CEO
US fashion rental platform Rent the Runway has announced that its co-founder, Jennifer Hyman, will resign from her roles as chief executive officer, president, and board member. The transition is set to take effect on May 15, 2026. Hyman, who has led the company since its inception in 2009, will remain as an advisor until January 2027 to...
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Growth across all categories and regions drives Asics Q1 performance
Japanese sportswear company Asics has achieved record financial results for the first quarter and the three months ended March 31, 2026. Net sales increased by 29.7 percent year-over-year (YoY) to reach 270.20 billion yen (1.71 billion dollars). The growth was observed across all categories and regions, with operating profit rising 36.5 percent...
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Digital Brands Group forecasts revenue growth through collegiate licensing
US apparel and e-commerce company Digital Brands Group (DBG) has announced its financial guidance for 2026, projecting revenue between 55 million dollars and 65 million dollars. The group also expects to generate free cash flow in the range of 2.50 million dollars to 3.50 million dollars for the calendar year. The company provided a further...
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eBay board rejects unsolicited acquisition proposal from GameStop
The board of directors of US e-commerce leader eBay has formally rejected a non-binding acquisition proposal from US retailer GameStop. Following a comprehensive review conducted with financial and legal advisors, the board determined that the offer did not align with the long-term interests of the company or its shareholders. In a formal...
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Under Armour revenue falls to five billion dollars amid strategic reset
US sportswear group Under Armour has announced its financial results for the fourth quarter and full fiscal year 2026, ending March 31, 2026. The Baltimore-based company reported a total annual revenue of 5 billion dollars, representing a 4 percent decline compared to the previous year, or a 5 percent decrease on a constant currency basis. The...
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