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.
Trump tariffs: Levi's UK flags 'anti-American' risk
Levi's UK has identified a potential threat to its business in the form of "rising Anti-Americanism" stemming from Trump Tariffs and other U.S. governmental policies. The company fears that this sentiment could cause consumers to shift their preferences away from U.S. brands, opting instead for "national / European products". This concern,...
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Levi Strauss UK posts strong financial performance in 2024
Based on the annual report for the year ended November 30, 2024, Levi Strauss (U.K.) Limited has reported a strong financial performance, with an increase in turnover and a significant rise in profit. The company's strategic report highlights a focus on cost discipline and targeted investments to drive future growth despite ongoing macroeconomic...
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Lanvin Group reports 22 percent revenue decline amid market slowdown
Lanvin Group has reported its unaudited results for the first half of 2025, revealing a 22 percent year-on-year revenue decline to 133 million euros. The luxury fashion group, which includes brands like Lanvin, Wolford, and St. John, attributed the decline to a broader luxury market slowdown, cautious consumer sentiment in Greater China, and...
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E-commerce surge lifts Walmart's Q2, outlook raised
Walmart Inc. announced its second-quarter fiscal year 2026 results, highlighting revenue growth across all business segments. The company reported total revenue of 177.4 billion dollars, a 4.8 percent increase, or 5.6 percent on a constant currency basis, compared to the same period last year. The company has raised its full-year earnings and...
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Delta Galil lowers full-year financial guidance amid tariff concerns
Delta Galil Industries, a global designer and manufacturer of branded and private-label apparel, has reported its financial results for the second quarter ended June 30, 2025. The company's sales for the quarter remained stable at 470.1 million dollars, consistent with the previous year's quarter. For the first half of 2025, sales increased by 5...
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Rent the Runway announces debt restructuring and new investment
Rent the Runway, a fashion rental company, has announced a "growth recapitalization" transaction that is expected to significantly strengthen its financial position. The deal involves a substantial reduction in the company's debt, a decrease in interest expenses, and a favourable maturity extension on its remaining debt. As part of the...
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Claire's to sell North American operations amid bankruptcy proceedings
Claire's Holdings LLC, the operator of Claire's and ICING stores in the U.S. and Gibraltar, has entered into an agreement with an affiliate of Ames Watson, a private holding company, for the acquisition of its North American business operations. This move follows the company's decision to begin Chapter 11 bankruptcy proceedings in the U.S., as...
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India suspends raw cotton import duties until September 2025
The Indian government has temporarily exempted all customs duties on raw cotton imports, effective from August 19 to September 30, 2025. The exemption removes an 11 percent import duty, which included a 5 percent basic customs duty, a 5 percent agriculture infrastructure and development cess, and a 10 percent social welfare surcharge. This...
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Next opens first India store in Pune, with Myntra partnership
The British fashion and lifestyle retailer Next has opened its first store in India at The Pavilion Mall in Pune. This launch marks the beginning of its partnership with the e-commerce company Myntra. The strategy involves opening flagship stores while simultaneously strengthening Next's presence on Myntra's digital platform. In a statement...
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John Lewis hires Dom McBrien to head digital and omnichannel strategy
John Lewis has appointed Dom McBrien as its new chief digital & omnichannel officer. The company announced that this appointment will strengthen its leadership and is a crucial part of its digital transformation and omnichannel goals. McBrien will also join the John Lewis management board. McBrien brings over 20 years of digital transformation...
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