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.
Spinnova targets acquisition of Portuguese yarn spinner Tearfil to boost commercial scale
Finnish materials technology company Spinnova has signed a non-binding letter of intent with Portuguese yarn spinning company Tearfil – Indústria Têxtil (Tearfil) and its shareholders regarding the potential acquisition of all shares in the business. The transaction aims to strengthen the position of Spinnova in the textile value chain by...
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Debenhams Group accelerates turnaround as marketplace mix hits record high
UK online fashion business Debenhams Group has reported an acceleration in growth for the first half ended August 31, 2026, driven by an expanding marketplace model and improved cost management. Gross merchandise value (GMV) pre-returns grew 1.8 percent year-over-year (YoY) to 864 million pounds (1.16 billion dollars) in the six-month period....
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Next boosts full year profit guidance as international online sales surge
UK clothing and homeware retailer Next Group has increased its full year profit before tax guidance by 12 million pounds to 1.26 billion pounds (1.69 billion dollars) following better-than-expected sales growth and operational cost savings. For the first half ending August 1, 2026, Next reported a 9 percent increase in total Group sales to 3.54...
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LuxExperience reports FY26 results with accelerated growth trajectory
Dutch-based digital luxury group LuxExperience B.V. announced its financial results for the fourth quarter and full year ending June 30, 2026. The platform achieved group net sales of 653.6 million euros (750 million dollars) in the fourth quarter, representing a 7.6 percent increase excluding foreign exchange effects or 6.1 percent on a...
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Catherine So joins Capri Holdings as chief legal and sustainability officer
Global fashion luxury group Capri Holdings has appointed Catherine So as chief legal and sustainability officer, effective October 19, 2026. So will report directly to John D. Idol, chairman and chief executive officer of Capri Holdings. So joins Capri Holdings from US jewellery brand Tiffany & Co., where she most recently served as senior vice...
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Nike adds Alexandre Arnault to board for digital transformation and growth
sports giant Nike has appointed Alexandre Arnault to its board of directors, effective immediately. Arnault currently serves as deputy chief executive officer of Moët Hennessy, the wines and spirits division of French luxury conglomerate LVMH, a position he has held since February 2025. “Alexandre has earned a reputation for helping iconic...
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Amer Sports reiterates five-year financial targets ahead of investor day
US brand portfolio group Amer Sports, host of an Investor Day on September 17, 2026, in Annecy, France, has updated its long-term financial algorithm and third quarter 2026 outlook. Ahead of the event, chief executive officer James Zheng noted that the group's portfolio continues to deliver strong financial results across all three operating...
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JD.com appoints Zarina Kanji as director of European direct sourcing
Chinese e-commerce giant JD.com has appointed Zarina Kanji as director of European direct sourcing, based in London. Kanji announced the appointment through a post on professional network LinkedIn. In her new role, she will lead the direct sourcing of European brands to expand sales to the platform’s active consumer base in China. Her primary...
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Golden Goose H1 revenue growth driven by D2C momentum
Italian luxury footwear label Golden Goose Group has recorded a 15 percent revenue increase for the first six months ended June 30, 2026. Net revenues reached 380.4 million euros (439.5 million dollars), driven by momentum in its direct-to-consumer (D2C) channels. Adjusted EBITDA grew 9 percent YoY to 122.9 million euros, maintaining an adjusted...
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Matalan appoints former Marks & Spencer director Richard Price as adviser
US specialty apparel retailer Matalan has confirmed that Richard Price, former managing director of clothing, home and beauty at British retailer Marks & Spencer, is working with the company as an adviser. The appointment comes as the business continues to deliver its transformation and growth strategy. Price brings more than three decades of...
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