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.
Victoria's Secret shareholders re-elect all nine director nominees
The US lingerie retailer Victoria’s Secret & Co. (VS&Co) has announced the preliminary voting results from its 2026 annual meeting of shareholders, confirming that investors voted to re-elect all nine of the company's director nominees to the board of directors. The list of re-elected board members includes independent chair Donna James. The...
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LPP Group: Q1 revenue up 10.5 percent despite sales growth miss
Polish fashion retailer LPP Group has reported a 10.5 percent year-over-year (YoY) increase in revenue for the first quarter of 2026, reaching 5.5 billion Polish zloty (1.50 billion dollars). The growth was primarily driven by the ongoing expansion of the brick and mortar retail chain, particularly the Sinsay brand, alongside an increase in...
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India Ratings upgrades RSWM's long-term credit outlook to stable
Indian textile manufacturer RSWM, the flagship company of LNJ Bhilwara Group, has secured a revised long-term credit rating outlook, signaling improved financial stability following a challenging two-year period. India Ratings and Research (Ind-Ra) upgraded the outlook for the company from negative to stable, while simultaneously affirming its...
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Primark appoints Lucy Slinger as chief financial officer
International fashion retailer Primark, founded in Ireland, has announced the appointment of Lucy Slinger as its new chief financial officer (CFO). Slinger will play a critical role in driving the long-term growth strategy of Primark as the business expands internationally and prepares to become a standalone entity. She joins the business from...
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Asics to spin off Onitsuka Tiger business into independent subsidiary from 2027
Asics Corporation has announced plans to spin off its Onitsuka Tiger business. The company's Board of Directors has approved the transfer of the business to OT Group, a wholly owned subsidiary of Asics, through a simplified absorption-type company split. The restructuring is scheduled to take effect on January 1, 2027. Under the new structure,...
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White Stuff acquisition boosts TFG London sales amidst flat organic growth
South African specialty retail group TFG (The Foschini Group) reported a 29.4 percent increase in sales to 488 million pounds (652 million dollars) for its TFG London division during the financial year ended March 31, 2026. The growth was primarily driven by the recent acquisition of British fashion brand White Stuff, which performed well and...
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H&M Foundation announces Global Change Award 2026 winners for textile innovation
The Sweden-based philanthropic organisation H&M Foundation, privately funded by the Stefan Persson family, founders and majority owners of the H&M Group, has announced the 10 winners of its Global Change Award (GCA) 2026. The annual initiative recognises early-stage innovations aimed at reducing greenhouse gas emissions and accelerating the...
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G-III Apparel increases full year earnings guidance despite Q1 sales dip
US fashion group G-III Apparel Group (G-III) has reported its financial results for the first quarter of fiscal year 2027, ended April 30, 2026. The company reported net sales of 536 million dollars, representing an 8 percent decrease compared to the same period of the prior year. Despite the revenue decline, net income for the first quarter...
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Saks Global receives court approval for reorganization plan
The US bankruptcy court for the southern district of Texas has approved the reorganization plan of Saks Global Enterprises LLC (Saks Global), a US multi-brand luxury retail company. The plan gained support across the capital structure from participating creditors, with an overwhelming majority voting in favour. Confirmation of the plan allows...
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Lululemon shares sink as profit forecast cut raises turnaround concerns
Shares of Lululemon Athletica fell about 8 percent on Friday to an over seven-year low of 109.36 dollars, Reuters reported, after the activewear retailer cut its full-year profit forecast and signalled mounting operational pressures. The sharp selloff reflected growing investor concern about the pace of the activewear retailer's turnaround and...
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