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.
JD Sports posts steady Q4, announces medium-term growth strategy
Sports fashion retailer JD Sports has provided its fourth-quarter trading update and initial outlook for the new financial year, highlighting a resilient performance in a challenging market. The Group reported LFL revenue growth of 0.3 percent and organic revenue growth of 5.8 percent for FY25, with adjusted pre-tax profit landing within the...
BusinessFeaturedMember9 Apr 2025
Victoria's Secret bolsters leadership, appoints Adam Selman to creative role
Victoria's Secret is bolstering its leadership team with the appointments of seasoned executives to drive growth. Anne Stephenson, a veteran merchandiser, will lead Victoria's Secret; Ali Dillon, with extensive brand experience, will head Pink; and Amy Kocourek will serve as president of beauty. The company also welcomes Adam Selman as SVP,...
People9 Apr 2025
Levi Strauss maintains outlook despite economic uncertainty
Levi Strauss & Co. reported a 3 percent increase in first-quarter revenue to 1.5 billion dollars, demonstrating "resilience in the face of ongoing economic uncertainty and tariff pressures." The company also maintained its revenue growth outlook for the year. Net income for the quarter rose to 150 million dollars, with diluted earnings per share...
BusinessFeaturedMember8 Apr 2025
Guess Q4 revenues grow despite challenges, names new CFO
Guess financial results for the fourth quarter of fiscal year 2025, reveal “a mix of growth and challenges”, alongside the strategic appointment of Alberto Toni as its new chief financial officer. Apparel retailer's net revenue for the quarter reached 932.25 million dollars, representing 5 percent, while in constant currency, net revenue...
BusinessFeaturedMember4 Apr 2025
Boux Avenue manages to reduce EBITDA loss amidst economic challenges
Boux Avenue, a UK lingerie retailer, demonstrated resilience in the face of economic headwinds and the Red Sea crisis, achieving a significant improvement in EBITDA, which increased by over 2 million pounds to a loss of 5.8 million pounds for the year ending March 30, 2024. This marks a substantial improvement compared to the previous year's...
BusinessMember3 Apr 2025
Frasers Group increases Hugo Boss shareholding through put options
Britain’s Frasers Group, the owner of retail chains like Sports Direct, has significantly expanded its investment in German luxury fashion house Hugo Boss through the sale of additional put options. This latest transaction strengthens Frasers Group’s existing stake, with the company now directly holding more than 13.5 million shares of Hugo...
BusinessMember3 Apr 2025
Digital Brands Group acquires Open Daily's virtual shopping assets
Digital Brands Group has acquired the assets of Open Daily, a company pioneering virtual shopping solutions that enhance online retail experiences and drive consumer engagement. “With Open Daily’s virtual shopping technology assets, we see an opportunity to enhance digital retail experiences,” said Hil Davis, CEO of Digital Brands Group. “This...
BusinessMember3 Apr 2025
Leadership changes at Macy's: Thomas Edwards to join as CFO
Macy’s has unveiled significant changes to its executive leadership team and organisational structure including the appointment of Thomas J. Edwards as chief operating officer and chief financial officer, effective June 22, 2025. These organisational changes are aimed at supporting the company's "Bold New Chapter" strategy. Edwards, bringing...
People2 Apr 2025
Capri Holdings CFO resigns, Rajal Mehta appointed interim successor
Global luxury fashion group Capri Holdings has announced an executive leadership transition. Thomas J. Edwards, Jr., who serves as executive vice president, chief financial officer (CFO), and chief operating officer (COO), will step down from his role on June 20, 2025, to pursue another opportunity. In response, Capri Holdings, the company...
People1 Apr 2025
Lenzing Group announces departure of chief transformation officer
The Lenzing Group, provider of regenerated cellulose fibres, has announced that Dr. Walter Bickel, chief transformation officer, will step down from his role at the end of March 2025. Bickel’s departure comes as part of a mutual agreement with the company’s supervisory board. Bickel joined Lenzing’s managing board on April 15, 2024, with the...
People1 Apr 2025