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.
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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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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Independent non-executive director Christine Cross to step down from Asos board
Christine Cross, independent non-executive director at the UK-based online fashion retailer Asos, has informed the board of her intention not to seek re-election at the next annual general meeting (AGM) of the company. The meeting is expected to be held in early 2027. Cross has chosen to step down in order to focus on other personal and...
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Chief financial officer Nick Scott departs Footasylum
Rochdale-based sportswear retailer Footasylum has parted ways with chief financial officer Nick Scott after three years in the role, according to Drapers. A Footasylum spokesperson said in a statement: “Nick Scott has stepped down from his role as Chief Financial Officer after three years with Footasylum to pursue new ambitions. We would like to...
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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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Asos searches for permanent brick and mortar presence in London
UK-based online fashion retail giant Asos is actively seeking its first permanent physical store location in London, according to a report by Drapers. The company is scouting for a site between 4,000 and 8,000 sq. ft. on high-footfall London streets. Target locations include Oxford Street, Regent Street, and Long Acre in Soho, alongside King’s...
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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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Topshop.com expands e-commerce footprint into Ireland
UK-based fashion brand Topshop has officially launched its dedicated e-commerce platform Topshop.com in Ireland, providing domestic consumers with a faster and more seamless shopping experience. The market expansion follows strong regional engagement on third-party platforms. More than 50,000 Irish customers purchased Topshop merchandise via...
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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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Debenhams Group and Revolution Beauty enter brand licensing agreement
The UK-based online department store Debenhams and UK-based beauty manufacturer Revolution Beauty have entered into a new licensing partnership to develop beauty and fragrance products across the Debenhams Group portfolio. The partnership combines the reach of the fashion and lifestyle brands belonging to Debenhams Group with the product...
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