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.
Converse initiates restructuring and layoffs amid slumping sales
Employees at Converse have been instructed to work from home as the Nike Inc. brand begins a restructuring process that includes job cuts. According to a Bloomberg report, the reorganization will involve the creation of new roles and team reassignments for remaining staff. In a memo viewed by Bloomberg News, Converse chief executive officer...
BusinessMemberloading...
Fossil Group names Shannon Freeze as chief people and communications officer
US-based lifestyle accessories company Fossil Group has announced the appointment of Shannon Freeze as chief people and communications officer. Freeze will join the executive leadership team on February 23, 2026, reporting directly to the chief executive officer, Franco Fogliato. In this newly defined role, Freeze will be responsible for...
Peopleloading...
LVMH strengthens executive committee with new appointments
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton (LVMH) has announced strategic changes to its senior leadership team to bolster its sustainable growth strategy. The appointments, which are effective immediately, see two long-standing internal leaders join the group executive committee as the company reorganises its beauty and...
Peopleloading...
Eddie Bauer North American retail division enters Chapter 11 for liquidation or sale
Bellevue-based outdoor retailer Eddie Bauer has initiated voluntary Chapter 11 bankruptcy proceedings in the US Bankruptcy Court for the District of New Jersey. The filing is specifically limited to the company's North American brick and mortar operations, which include retail and outlet stores across the US and Canada. The company has entered...
BusinessFeaturedMemberloading...
Turnbull & Asser reports widening loss amid restructuring and investment
London-based luxury shirtmaker Turnbull & Asse has reported a widening loss for the financial year ended January 25, 2025, as the company undertakes a significant internal restructuring and investment program. According to the latest filings, the heritage brand posted a loss after taxation of 1.73 million pounds (2.35 million dollars), compared...
BusinessMemberloading...
Oh Polly reports increased profitability despite turnover dip
Scottish womenswear retailer Oh Polly has filed its annual report for the year ended April 30, 2025, revealing a significant rise in pre-tax profits despite a contraction in total turnover. The Glasgow-based company, known for its social-first marketing strategy and brands Oh Polly and Bo + Tee, saw profit before taxation climb to 10.55 million...
BusinessMemberloading...
Barbara Horspool to lead creative direction at Fairfax & Favor
British fashion veteran Barbara Horspool has officially joined luxury countrywear label Fairfax & Favor as its new chief creative officer. She shared the news of her move to the luxury countrywear brand on LinkedIn. A prominent figure in the UK retail landscape, Horspool brings an extensive pedigree to the Norfolk-based brand, having previously...
Peopleloading...
Executive Equity Partners acquires UK marketplace Notonthehighstreet
German private equity boutique Executive Equity Partners (EEP) has acquired 100 percent of the shares in the UK-based online marketplace Notonthehighstreet. The Munich-based firm purchased the company from sellers including US-based Great Hill Equity Partners and Munich-based Burda Principal Investments. Founded in 2006, Notonthehighstreet...
BusinessMemberloading...
Deckers Brands achieves record revenue driven by Hoka and Ugg momentum
US-based footwear company Deckers Brands has reported positive revenue and earnings for its third fiscal quarter ended December 31, 2025. The Goleta-based group saw net sales increase 7.1 percent to 1.96 billion dollars, and up 6.8 percent on a constant currency basis. Stefano Caroti, president and chief executive officer, noted that the...
BusinessFeaturedMemberloading...
Adidas records strong revenue growth and initiates share buyback
German sportswear group Adidas has reported strong preliminary financial results for the full year 2025, supported by double-digit growth across all market segments. The Herzogenaurach-based company reached a record revenue level of 24.81 billion euros (29.58 billion dollars), representing an increase from 23.68 billion euros in 2024. This...
BusinessFeaturedMemberloading...