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.
Crocs raises full year outlook following better than expected Q1 results
US footwear group Crocs has upwardly revised its annual financial forecast after reporting a robust start to the 2026 fiscal year. The company delivered enterprise revenue of 921 million dollars for the first quarter ending March 31, 2026, supported by strong performance in direct-to-consumer (DTC) channels across its brand portfolio. Despite a...
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H&M India partners with Hybe India for talent search campaign
Swedish fashion retailer H&M has announced a strategic partnership with Mumbai-based entertainment firm Hybe India to launch the ‘Icons in the making’ campaign. The initiative marks a significant deepening of the brand’s engagement with youth culture and the music industry within the Indian market. Through this collaboration, H&M serves as a...
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Chip Wilson launches proxy contest to restore Lululemon brand focus
The founder and largest active shareholder of Canadian athletic apparel brand Lululemon, Chip Wilson, has issued an open letter to shareholders calling for a significant overhaul of the board of directors. Wilson has nominated three independent directors to be elected at the 2026 annual meeting of shareholders. The timing of this proxy contest...
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Ebay records strong Q1 following Depop acquisition agreement
US-based e-commerce platform Ebay has reported strong financial results for the first quarter ended March 31, 2026. The company saw gross merchandise volume (GMV) reach 22.20 billion dollars, representing an 18 percent increase on an as-reported basis and a 14 percent rise on a foreign exchange (FX) neutral basis. Revenue for the period climbed...
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Björn Borg achieves strongest Q1 in company history with double-digit growth in sports apparel
Swedish sports fashion brand Björn Borg has reported the strongest first quarter in the history of the company, with record levels achieved for both net sales and operating profit. The group saw continued momentum in its sports apparel category, marking 15 consecutive quarters of double-digit growth for the division. Strong financial performance...
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Former H&M executive Daniel Kulle joins Klekt board of directors
German-based marketplace Klekt has appointed Daniel Kulle as a board member to support the scaling of its international operations. Kulle, who has held several high-profile leadership positions within the global fashion sector, joins the European sneaker and streetwear platform as it seeks to capture a larger share of the global resale market....
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Lululemon appoints Esi Eggleston Bracey to board of directors
Canadian athletic apparel retailer Lululemon Athletica has announced the appointment of Esi Eggleston Bracey to its board of directors, effective April 28, 2026. Bracey joins the board as the company continues a five-year period of governance refreshment, during which it has appointed six new independent directors. Bracey most recently served as...
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Marks & Spencer menswear director joins UKFT board
British retailer Marks & Spencer (M&S) director of menswear, Mitch Hughes, has been appointed to the board of the UK Fashion & Textile Association (UKFT). Hughes, who currently leads the M&S Man division, brings nearly 30 years of experience within the UK fashion retail sector to the industry body. Hughes rejoined the London-based retailer M&S...
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Vinted's equity valuation hits 8 billion euros after 880 million euro secondary share deal
Lithuanian second-hand marketplace Vinted has completed a secondary share transaction of 880 million euros (1.030 million dollars). This latest move establishes an equity valuation of 8 billion euros for the consumer-to-consumer (C2C) platform. The transaction was led by Swedish investment firm EQT, British asset manager Schroders Capital, and...
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Claire’s ceases standalone operations in the UK and Ireland
Fashion accessories retailer Claire’s has shuttered all standalone stores across the UK and Ireland after entering administration for the second time within a 12-month period. Administrators from the financial advisory firm Kroll confirmed that 154 locations have ceased trading, resulting in more than 1,300 staff members being notified of...
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