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.
Burberry global headquarters to change hands for 131.8 million pounds
UK commercial real estate owner Derwent London has exchanged contracts for the disposal of Horseferry House SW1 to an overseas investor. The 164,900 square foot building serves as the global headquarters for British fashion brand Burberry. The transaction is valued at 131.8 million pounds (174.5 million dollars) before rental top-ups. The sale...
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Nike patent victory overturned in footwear dispute with Lululemon
US sportswear giant Nike has seen a jury verdict in its favour reversed by a federal judge in Manhattan, effectively nullifying a 355,450 dollars damages award against Canadian athleticwear company Lululemon USA Inc. (Lululemon). The decision, signed by district judge Arun Subramanian on March 24, 2025, follows a legal battle initiated in 2023....
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Sportsshoes.com leverages native app for digital growth
UK running specialist Sportsshoes.com has transformed its digital strategy by integrating a native mobile application designed to foster customer loyalty and enhance commercial performance. The business, which was founded in 1982 and now reports a turnover exceeding 100 million pounds (133 million dollars), developed the platform as a key...
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Hurr founder Victoria Prew appoints Lauren Roberts as chief executive officer
In a strategic shift for the UK-based peer-to-peer wardrobe rental platform Hurr, founder Victoria Prew has announced the appointment of Lauren Roberts as chief executive officer. Prew, who established the business at the age of 25, will transition away from the day-to-day leadership of the company to focus on a new venture. The leadership...
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Pepe Jeans returns to profit as turnover dip continues
UK-based denim retailer Pepe Jeans London has reported a return to profitability for the year ended March 31, 2025, despite a moderate contraction in its top-line revenue. The company, which specializes in the marketing, distribution, and retailing of jeans and related products, saw its turnover fall to 1.19 million pounds (1.58 million dollars)...
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Wacoal acquires Glamorise to bolster digital growth
The US-based Wacoal International Corporation (WIC), which serves as the parent company of Wacoal America, Inc., has announced an agreement to acquire all issued and outstanding shares of Glamorise. Based in New York, Glamorise specializes in the design, development, and e-commerce-driven sales of women’s innerwear. The strategic move is...
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Morleys appoints Melanie Smallwood as chief trading officer
Morley Department Stores Limited (Morleys), the London-based independent department store chain, has appointed Melanie Smallwood to the newly created position of chief trading officer (CTO). Smallwood will join the group in April, reporting directly to the chief executive officer of Morleys, Ray Clacher. Smallwood brings more than 30 years of...
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Nike shifts from 'direct-first' to 'city-led' strategy amidst Q3 challenges
US brand Nike has reported financial results for the third quarter of fiscal 2026, ending February 28, 2026, revealing a period of strategic rebalancing. The company recorded revenues of 11.3 billion dollars, remaining flat on a reported basis compared to the previous year. On a currency-neutral basis, revenues declined by 3 percent. The results...
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Jigsaw initiates turnaround plan following 3.5 million pounds EBITDA loss
British fashion brand Jigsaw has released its financial results for the 61-week period spanning January 2024 to March 2025. The group reported an EBITDA loss of 3.5 million pounds (4.64 million dollars) during this timeframe, generated from sales totalling 52.2 million pounds. Following the conclusion of this period, the board of directors...
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American Exchange Group acquires Allbirds for 39 million dollars
US footwear brand Allbirds has announced a definitive agreement to sell its intellectual property and specific assets and liabilities to American Exchange Group. The New York-based firm, which specializes in accessories design and manufacturing, will acquire the brand for an estimated 39 million dollars. The transaction was negotiated by a...
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