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.
EComID secures 17 million dollar seed round led by Systemiq Capital
Swedish technology company eComID has secured 17 million dollars in a seed funding round led by London-based investment firm Systemiq Capital. The round also saw participation from Regeneration.VC, Course Corrected, Stadium and returning investor CapitalT. The Stockholm-based enterprise will use the capital to support international expansion,...
BusinessMemberloading...
Seasalt posts robust turnover despite profit margin pressures in fiscal 2026
Fashion retailer Seasalt Limited has reported stable top-line results for the 52-week period ended January 31, 2026, navigating macroeconomic headwinds, increased tariffs, and operational transformation costs. Turnover for the UK-based brand reached 148.29 million pounds (201.33 million dollars), remaining virtually flat against 149.31 million...
BusinessMemberloading...
Executive changes at Nike: Jane Ewing appointed chief commercial officer
US sportswear giant Nike has announced a change to its senior leadership team with the appointment of Jane Ewing as executive vice president and chief commercial officer, effective September 7, 2026. Ewing will report directly to Nike president and chief executive officer Elliott Hill and will join the company's senior leadership team. In her...
Peopleloading...
Old Navy appoints new CEO as Gap addresses underperformance in Q2
US specialty apparel giant Gap Inc. announced its second quarter financial results for the period ended August 1, 2026. The company experienced a top-line decline, with net sales decreasing 2 percent year-over-year (YoY) to 3.7 billion dollars, while comparable sales dropped 1 percent. Store sales fell 3 percent compared to the prior year across...
BusinessFeaturedMemberloading...
C.J. King named general manager of North America Sport for Helly Hansen
Apparel group Kontoor Brands has appointed C.J. King as general manager of North America Sport for Norwegian outerwear brand Helly Hansen, effective August 31, 2026. In this role, King will oversee all aspects of the sport business for Helly Hansen in North America, including commercial strategy and marketplace execution. King will join the...
Peopleloading...
Spinnova seeks dual listing on Nasdaq capital market
Finnish materials technology company Spinnova has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC). The filing relates to a proposed initial public offering (IPO) of equity securities in the US and a dual listing on the Nasdaq Capital Market. The announcement follows a previous disclosure...
BusinessMemberloading...
Lenzing to issue new shares in 300 million euro capital increase
Austrian fiber manufacturer Lenzing has announced that its Extraordinary General Meeting (EGM), held on August 25, 2026, approved an increase in share capital while preserving the statutory subscription rights of existing shareholders. The measure is designed to strengthen the balance sheet structure of the company and finance the execution of...
BusinessMemberloading...
Urban Outfitters achieves highest adjusted profit quarter in company history
Lifestyle retail group Urban Outfitters delivered record net sales and its highest adjusted profit quarter in company history, for the second quarter ended July 31, 2026. Total net sales for the three months, increased 10.4 percent year-over-year (YoY) to 1.66 billion dollars. Total retail segment net sales rose 8 percent, with comparable retail...
BusinessMemberloading...
Abercrombie & Fitch raises outlook after strong Q2 performance
Apparel retailer Abercrombie & Fitch Co. (A&F) has announced its financial results for the second quarter ended August 1, 2026, delivering record net sales and marking its 15th consecutive quarter of growth. Following the results, the company raised its full-year revenue and operating margin outlook. Net sales for the second quarter grew 5...
BusinessMemberloading...
Dolce & Gabbana secures covenant waiver amid financial challenges
Italian luxury house Dolce & Gabbana has reached an agreement with its lending pool to waive financial covenant breaches and stabilize liquidity following an operating loss and increased debt in its latest fiscal year. According to a regulatory filing, the privately owned group’s revenue declined 2 percent in the fiscal year ending March 31,...
BusinessMemberloading...