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.
Logicbroker acquires Virtualstock to expand dropship network
Logicbroker, the firm behind the intelligent commerce network used by some of the world's largest retailers, has announced its acquisition of UK-based online retail technology leader, Virtualstock. The combined entity will create a new global leader in multi-party commerce, forming one of the largest international dropship supplier networks with...
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Depop's operating loss narrows amid strong revenue growth
Depop Limited, the circular fashion marketplace headquartered in London, achieved strong financial results for the year ended December 31, 2024, reporting a 42 percent surge in revenue and a 14 percent reduction in operating loss. Revenue for the year rose to 101.6 million pounds, while the operating loss narrowed to 42 million pounds from 49.1...
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Belstaff manages to reduce net loss despite turnover drop in 2024
Luxury outerwear brand Belstaff International Limited reported its financial results for the year ended December 31, 2024, showing a decline in turnover but a substantial improvement in its balance sheet. Turnover for the year decreased by 5.2 percent to 54.6 million pounds. However, the company successfully reduced its net loss to 15.9 million...
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Spinnova takes full ownership of Woodspin and Suzano Finland
Spinnova Plc has successfully completed the acquisition of Woodspin and Suzano Finland from Suzano S.A. for a total purchase price of just two euros. The transaction, which was initially announced in August 2025 and concluded on October 3, 2025, grants Spinnova full ownership of both the exclusive producer and distributor of wood-based Spinnova...
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Richard Davies joins Six Stories to drive growth and international expansion
Manchester-based bridal and occasionwear brand Six Stories has appointed Richard Davies as its new commercial director, aiming to bolster its leadership team for the next phase of rapid growth in the UK and internationally. Davies will work closely with the company's co-founder Ross Menghini on finance, operations, and commercial strategy,...
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New Balance UK improves turnover and profitability in 2024
New Balance Athletic Shoes (U.K.) Limited reported a strong financial year for the period ended December 31, 2024, with profit after taxation rising significantly to 143.9 million pounds, up from 114.4 million pounds in 2023. This performance was driven by a 16.3 percent increase in turnover and a marked improvement in profitability across its...
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COS opens New Delhi store featuring sustainable design
The London-based fashion brand COS officially entered the Indian retail market on October 2, unveiling its first-ever store in the capital, New Delhi. The new flagship is situated in the Select Citywalk Mall, New Delhi and was designed entirely in-house as an exploration of craftsmanship, materiality, and modern culture. The new store, located...
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Tesco's F&F online launch boosts clothing sales and online presence
Tesco, the leading UK retailer, reported a strong first-half performance, with Group like-for-like (LFL) sales up 4.3 percent and UK LFL sales up 4.9 percent, driven by market share gains and strategic investments in value. Adjusted diluted EPS rose 6.8 percent to 15.43p, driven by higher Group adjusted operating profit and the benefit of the...
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Matalan bolsters expertise to support transformation plan
Matalan, the prominent UK and international fashion and homeware retailer, has announced a series of key senior appointments aimed at deepening expertise across its core business functions and supporting its transformation plan. These hires follow strategic changes implemented earlier in 2025 by executive chair Karl-Heinz Holland and the...
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Selfridges reports narrowed losses despite sales slump
Selfridges Retail Limited reported a 7 percent decline in revenue for the 48 weeks ended January 4, 2025, reaching 774.6 million pounds, down from 834.9 million pounds in the previous 53-week period. The upmarket department store chain, which operates four stores in the UK, including its flagship on Oxford Street, and a digital business,...
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