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.
Apparel Group launches Carrefour in India with flagship store opening
Dubai-based lifestyle conglomerate Apparel Group (India) Pvt. Ltd. has introduced French hypermarket retailer Carrefour to the Indian market. The joint venture officially launched its first flagship store at H&S Mall, Boulevard Walk, in Greater Noida West, marking an entry into food and hypermarket retail for the fashion group. The physical...
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Lululemon Q2 net revenue drops 4 percent amidst challenging dynamics
US activewear brand Lululemon Athletica Inc. (Lululemon) reported a 4 percent decrease in net revenue to 2.4 billion dollars for the second quarter of 2026, ending August 2, 2026. On a constant dollar basis, net revenue fell 5 percent. The company faced headwinds across key geographical regions, with Americas net revenue contracting 8 percent....
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Innovative Eyewear achieves over 1 million dollars in quarterly revenue
US-based smart eyewear developer Innovative Eyewear Incorporated has announced significant business progress for the third quarter of 2026. The Miami-headquartered developer and manufacturer, known for brands such as Lucyd, Lucyd Armor, Reebok, Nautica and Eddie Bauer, recorded record commercial performance alongside a series of retail...
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Watches of Switzerland reiterates guidance following stable trading
UK-based retailer Watches of Switzerland Group (WOSG) has reiterated its full-year guidance for financial year 2027 following a period of consistent trading momentum in the 17 weeks to August 30, 2026. The luxury watch and jewellery retailer reported strong demand in the US market, while the UK demonstrated further signs of recovery. Growth...
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Authentic expands Lee’s global network through partnership with HiMaxx
US brand management company Authentic Brands Group (Authentic) has named Shanghai Huizhong Technology (HiMaxx) as the operating partner for denim brand Lee across China, Hong Kong and Macau. Under the new agreement, Chinese brand operator HiMaxx will oversee Lee’s regional operations, including product development, sourcing, retail and wholesale...
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Gildan under investigation for alleged securities fraud
Canadian apparel manufacturer Gildan Activewear (Gildan) is under investigation for potential securities fraud following allegations of channel stuffing that led to a sharp decline in its share price. Securities litigation firm Bleichmar Fonti & Auld (BFA) initiated the inquiry to determine whether Gildan misled market participants regarding its...
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Dr. Martens expands leadership team with two senior hires
British footwear brand Dr. Martens has announced two senior appointments to its global product leadership team. Isadora Versiani joins as global product design director from fashion brand Marc Jacobs, and Nadia Svensson joins as global merchandising and product director from Adidas. Both executives will take up their newly created roles in...
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G-III Q2 net income rises despite sales decline
US fashion group G-III Apparel Group (G-III) has reported its financial results for the second quarter of fiscal year 2027 ended July 31, 2026 with net sales decrease of 10 percent to 554.1 million dollars. Despite the decline in revenue, net income for the quarter reached 20.2 million dollars, or 0.46 dollars per diluted share, up from 10.9...
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Schouw & Co. completes acquisition of majority stake in Spectre
Danish industrial conglomerate Schouw & Co. has completed the acquisition of a 75 percent majority stake in Spectre, a family-owned specialised business-to-business (B2B) manufacturer of premium functional outdoor and sportswear apparel. The closing follows the initial agreement announced on July 2, 2026, after all regulatory approvals were...
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WHP Global and G-III complete acquisition of Marc Jacobs
US brand management firm WHP Global and US fashion company G-III Apparel Group (G-III) have completed the acquisition of American brand Marc Jacobs from French luxury conglomerate LVMH. Concurrently, WHP Global and G-III have formed a joint venture to co-own the Marc Jacobs intellectual property and accelerate the brand's global expansion. Under...
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