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.
Capri Holdings CFO resigns, Rajal Mehta appointed interim successor
Global luxury fashion group Capri Holdings has announced an executive leadership transition. Thomas J. Edwards, Jr., who serves as executive vice president, chief financial officer (CFO), and chief operating officer (COO), will step down from his role on June 20, 2025, to pursue another opportunity. In response, Capri Holdings, the company...
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Lenzing Group announces departure of chief transformation officer
The Lenzing Group, provider of regenerated cellulose fibres, has announced that Dr. Walter Bickel, chief transformation officer, will step down from his role at the end of March 2025. Bickel’s departure comes as part of a mutual agreement with the company’s supervisory board. Bickel joined Lenzing’s managing board on April 15, 2024, with the...
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Jamie Givens appointed EMEA MD to lead Wrangler and Lee’s regional growth
Lee and Wrangler owner Kontoor Brands has named Jamie Givens to the position of managing director, EMEA. He will report to Tom Waldron, chief operations officer, Kontoor Brands. “Jamie's extensive experience in cultivating global brands, coupled with his remarkable leadership track record, will be an invaluable asset to Kontoor’s global team,”...
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PVH Corp. beats Q4 forecasts despite net loss
PVH Corp., parent to Tommy Hilfiger and Calvin Klein, showed resilience in its fourth quarter, beating analysts' forecasts despite a reported net loss. The company's revenue performance and forward-looking statements sparked confidence, boosting its stock price. Fourth quarter 2024 revenues fell 3 percent to 2.49 billion dollars, compared to the...
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Primark CEO Paul Marchant steps down after probe into behaviour
Associated British Foods (ABF) has announced the immediate departure of Paul Marchant, chief executive of fashion chain Primark, following an investigation into allegations of inappropriate behaviour towards a woman in a social setting. Marchant acknowledged his error in judgment and admitted his actions fell short of ABF's expected standards....
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Lulu's revenue drop in 2024, driven by lower orders and higher returns
California based fashion brand Lulu’s saw net revenue for the year ending December 29, 2024, of 315.9 million dollars, decrease by 11 percent compared to 2023. The decrease was driven by a 12 percent drop in total orders placed and higher return rates offset by a 3 percent increase in average order value from 133 dollars to 137 dollars. Crystal...
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Lululemon: Strong Q4 growth, but US headwinds temper outlook
Yoga wear brand Lululemon reported a strong fourth-quarter revenue surge, fuelled by international expansion and omni-channel performance, yet its forward-looking projections signalled caution amidst potential macroeconomic headwinds, particularly in the US. Fourth-quarter revenue in fiscal year 2024, climbed 16 percent to 3.2 billion dollars,...
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Next boosts profit outlook following robust performance
Next has delivered a strong set of annual results, showcasing its resilience and adaptability in a challenging economic climate. The fashion and homeware retailer has also raised its profit forecast, demonstrating confidence in its operational strategy and market positioning. Specifically, the company has increased its pretax profit guidance by...
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Foot Locker elevates Franklin Bracken to president, advancing Lace Up Plan
Footwear and apparel retailer Foot Locker has appointed Franklin Bracken, currently executive vice president and chief commercial officer, as its new president, effective immediately. Bracken will continue to report to CEO Mary Dillon. In his expanded role, Bracken will collaborate closely with Dillon to expedite the implementation of the...
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Fila boosts shareholder returns following strong 2024 results
Sportswear company Fila Holdings has announced an enhanced shareholder return policy, signalling its commitment to delivering long-term shareholder value. This decision follows a year of robust financial performance, driven by growth in its U.S. golf subsidiary and effective cost management. Consolidated revenue for 2024 reached 4.27 trillion...
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