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.
Strathberry targets 100 million pounds in revenue following record trading period
UK luxury leather goods brand Strathberry has announced a 35 percent increase in revenue to 36.40 million pounds (50.37 million dollars) for the fiscal year ended April 30, 2025. The Edinburgh-based brand attributed this performance to aggressive international expansion and a robust direct-to-consumer (DTC) model, which now accounts for...
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Allbirds to shutter remaining full-price US stores by February 2026
Sustainable footwear brand Allbirds has announced it will close all remaining full-price retail locations in the US by the end of February 2026. The decision marks a significant shift in the company’s physical retail strategy as it prioritises a leaner, more capital-efficient operating model. The San Francisco-based company stated that the...
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Levi Strauss shifts to direct-to-consumer model, achieves 7 percent organic growth
US denim giant Levi Strauss & Co. (LS&Co.) has reported a 4 percent increase in reported net revenues to 6.30 billion dollars for the fiscal year ended November 30, 2025. On an organic basis, which excludes the impacts of foreign exchange and divestitures, the group saw a 7 percent rise compared to the prior year. The company has reached what...
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LVMH board to welcome Expedia CEO Ariane Gorin
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton (LVMH) has announced changes to its leadership structure following a board of directors meeting held on January 27, 2026. The group intends to propose the appointment of Ariane Gorin to the board at the upcoming annual general meeting (AGM) scheduled for April 23, 2026. The move follows...
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Elliott Hill leads Nike turnaround amid cyber attack and workforce adjustments
US sportswear leader Nike has confirmed it is investigating a potential cybersecurity incident following claims by an extortion group that it has leaked a significant volume of internal data. The disclosure coincides with reports that the retailer is reducing its workforce by approximately 775 roles at distribution centres to accommodate...
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Dr. Martens reports revenue decline amid strategic pivot to full price sales
UK-based footwear brand Dr. Martens has reported a decline in third quarter revenue as the company prioritises full price sales over promotional volume. For the 13 weeks ended December 28, 2025, group revenue fell 2.7 percent on a constant currency (CC) basis to 253 million pounds (346 million dollars). Performance by channel and region The...
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Anta Sports becomes largest shareholder in Puma
Cayman Islands-incorporated Anta Sports has entered into a definitive agreement to acquire a 29.06 percent equity interest in German sportswear manufacturer Puma. The transaction, valued at 1.51 billion euros (1.79 billion dollars), positions the Chinese group as the largest shareholder in the Herzogenaurach-based company. Transaction details...
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Shareholders seek transparency regarding LVMH succession strategy
Investors in the French luxury conglomerate LVMH are increasingly voicing concerns over the lack of a clear succession plan for Bernard Arnault, the chairman and chief executive officer (CEO) who has led the group for nearly 40 years. According to a report by Reuters, some shareholders now view the absence of a public transition strategy as a...
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Watches of Switzerland expands US presence with Deutsch & Deutsch acquisition
The UK-based luxury watch specialist Watches of Switzerland Group (WOSG) has announced the completion of its acquisition of Deutsch & Deutsch, a family-owned jewelry and timepiece retailer based in Texas. Operating since the 1920s, Deutsch & Deutsch is an authorized distributor for several high-end brands, including Rolex, Cartier, Omega, Tudor,...
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Bleckmann chief executive officer Kurt Pierloot to step down
The Netherlands-based supply chain management provider Bleckmann has announced that its chief executive officer, Kurt Pierloot, is to step down after six and a half years in the role. The company, which specializes in omnichannel e-fulfillment for fashion and lifestyle brands, confirmed that the transition was reached by mutual agreement....
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