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.
Ralph Lauren appoints Angela Ahrendts as lead independent director
Ralph Lauren Corporation has named Angela Ahrendts as the new lead independent director, effective after the company's 2025 annual meeting of shareholders. Ahrendts, who joined the Ralph Lauren board in August 2018, currently chairs the finance committee and serves on the nominating, governance, and sustainability committee. Commenting on the...
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Matalan's EBITDA rises despite sales decline amidst challenging market
Matalan, the UK-based omnichannel fashion and homeware retailer, has reported a 9 percent dip in full-year sales to 985 million pounds. However the strategic emphasis on driving profitability resulted in a 6 percent year-on-year increase in EBITDA to 56 million pounds for the year ended February 22, 2025, with an 11 million pounds improvement in...
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Vince Q1 2025: Sales decline, focus on supply chain diversification
American luxury apparel retailer Vince Holding's results for the first quarter ended May 3, 2025, highlighted the company's swift actions in response to a challenging and uncertain economic landscape. For the first quarter of fiscal 2025, total company net sales decreased by 2.1 percent to 57.9 million dollars. This decline was primarily...
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Asos announces CFO transition: Aaron Izzard to replace Dave Murray
Online fashion retailer Asos has announced a significant leadership transition set to take effect on July 1, 2025, with Aaron Izzard stepping into the role of chief financial officer and executive director. He succeeds Dave Murray, who will be departing the company to pursue new opportunities after a handover period. This strategic appointment...
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Tesco's F&F clothing brand launches online after strong Q1
Tesco announced strong performance across its operations for the first quarter of fiscal 2025, with notable growth in its non-food and clothing segments. Total sales for the quarter of 16.4 billion pounds, increased by 5.5 percent. In the UK, Tesco experienced significant momentum in non-food categories. Non-food sales, excluding toys, increased...
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Guess Q1: Rag & Bone acquisition boosts revenue, net loss widens
Guess financial results for the first quarter ended May 3, 2025, revealed a complex picture of growth driven by strategic acquisitions and wholesale momentum, set against a backdrop of increased losses. Despite a GAAP net loss for the quarter, the company's revenue surpassed expectations, primarily attributed to the successful integration of the...
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Rent the Runway Q1 results: Inventory strategy shows promise
Rent the Runway, a fashion rental service, today announced its financial results for the fiscal quarter ended April 30, 2025, highlighting a significant shift in its corporate strategy that appears to be yielding positive outcomes. The company’s new inventory strategy saw a 24 percent increase in new inventory receipts compared to the first...
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Weird Fish Limited reports strong sales and profit growth in 2024
Weird Fish Limited, the casual lifestyle clothing and accessories company, has announced a period of robust financial growth for the year ended December 29, 2024. Turnover for the year improved to 42.6 million pounds and the company reported operating profit of 4.17 million pounds, profit before tax of 2.94 million pounds, while net profit rose...
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Dr. Martens appoints Carla Murphy as chief brand officer
Footwear brand Dr. Martens has announced the appointment of Carla Murphy as its new chief brand officer (CBO), effective July 1, 2025. Murphy will be based in London and will assume responsibility for leading the company’s global brand organization, driving its brand strategy, vision, and creative direction. Her extensive remit will encompass...
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Asda's George fashion brand records strong sales growth in Q1
Asda provided an update on its first-quarter trading performance, highlighting a standout performance from its George fashion brand. While overall revenue for the period ending March 31, 2025, saw a 5.9 percent year-on-year decrease to 5 billion pounds (excluding fuel), George at Asda delivered exceptionally strong results, with like-for-like...
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