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.
Pringle of Scotland reports resilient performance in 2024
Pringle of Scotland Limited has reported strengthening of its financial position for the 52-week period ended December 29, 2024, characterized by a rise in turnover and a return to profitability. The heritage knitwear brand, headquartered in Hawick, saw its turnover climb to 3.79 million pounds (5.11 million dollars). This increased commercial...
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Crew Clothing's 2024 turnover up 7 percent, profit after tax nearly doubles
Crew Clothing Co Limited has announced a robust financial performance for the 52-week period ending December 29, 2024, characterized by a significant leap in profitability and continued retail expansion. The British lifestyle brand reported a 7 percent increase in turnover to 123.4 million pounds (166.5 million dollars) compared to the previous...
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TFG London acquisition strategies yield revenue surge amid macroeconomic headwinds
TFG Brands (London) Limited, the central UK hub for The Foschini Group (TFG), has reported a significant revenue increase for the financial year ended 29 March 2025. Despite a challenging global economic backdrop, the Group’s turnover rose to 377.5 million pounds, up 16.7 percent, bolstered by the successful acquisition of White Stuff in October...
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Puma bolsters liquidity with 600 million euros financing package
Puma SE has successfully expanded its financial toolkit, securing more than 600 million euros in new financing to strengthen its balance sheet and support its long-term growth objectives. The package consists of a 500 million euros bridge loan, fully underwritten by Santander Corporate & Investment Banking (Santander CIB), alongside 108 million...
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Nike navigates multi-year turnaround with mixed Q2 results
Nike, Inc. announced financial results for its second fiscal quarter ended November 30, 2025, revealing a complex landscape of modest top-line growth and significant bottom-line pressure as the company navigates a multi-year turnaround. Total revenues reached 12.4 billion dollars, representing a 1 percent increase on a reported basis but...
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Pepco Group's strong FY25 results validate return to clothing and general merchandise
Pepco Group N.V., the leading pan-European variety discount retailer, has reported a "real turning point" in its preliminary results for the 12 months ended 30 September 2025. Following the implementation of a new strategic framework in March 2025, the Group delivered strong financial performance driven by a return to its core model of clothing...
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UK retailer Footasylum enters Middle East market with Apparel Group
In a move that signals an evolution of its global growth strategy, leading UK-based footwear and sportswear retailer Footasylum has announced a strategic partnership with Apparel Group, the Dubai-headquartered retail conglomerate. The agreement is designed to accelerate Footasylum’s presence across the Gulf Cooperation Council (GCC), marking the...
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Morleys Department Stores appoints Ray Clacher as new CEO
Morleys Department Stores has announced a significant shake-up of its senior leadership team as the historic retailer prepares for a new phase of growth. Ray Clacher has been appointed as the group’s new chief executive officer, effective January 5, 2026. Clacher, who most recently served as chief commercial officer at BrandAlley, brings an...
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Richemont UK reports significant increase in annual profit
Richemont UK Limited has reported a significant surge in profitability for the financial year ended March 31, 2025, with profit for the year reaching 21.67 million pounds, up from 8.73 million pounds in the previous year. The luxury goods distributor, which oversees the sale of jewellery, watches, and premium clothing across the UK and Ireland,...
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Levi Strauss strengthens board with appointment of Jeffrey J. Jones II
Levi Strauss & Co. (LS&Co.) announced that its board of directors has appointed Jeffrey J. Jones II as its newest member, effective January 21, 2026. Upon joining, Jones will serve on both the nominating, governance and corporate citizenship committee and the compensation and human capital committee. The appointment comes as the iconic apparel...
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