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.
Logicbroker acquires Virtualstock to expand dropship network
Logicbroker, the firm behind the intelligent commerce network used by some of the world's largest retailers, has announced its acquisition of UK-based online retail technology leader, Virtualstock. The combined entity will create a new global leader in multi-party commerce, forming one of the largest international dropship supplier networks with...
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Depop's operating loss narrows amid strong revenue growth
Depop Limited, the circular fashion marketplace headquartered in London, achieved strong financial results for the year ended December 31, 2024, reporting a 42 percent surge in revenue and a 14 percent reduction in operating loss. Revenue for the year rose to 101.6 million pounds, while the operating loss narrowed to 42 million pounds from 49.1...
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Spinnova takes full ownership of Woodspin and Suzano Finland
Spinnova Plc has successfully completed the acquisition of Woodspin and Suzano Finland from Suzano S.A. for a total purchase price of just two euros. The transaction, which was initially announced in August 2025 and concluded on October 3, 2025, grants Spinnova full ownership of both the exclusive producer and distributor of wood-based Spinnova...
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Conscious luxury: Stella McCartney launches in India with Reliance Brands
Reliance Brands Limited (RBL) has announced a strategic partnership with acclaimed British designer Stella McCartney to introduce and expand her namesake fashion house across India. This collaboration is set to bring McCartney’s signature blend of sustainable luxury, modern femininity, and progressive, cruelty-free values to Indian consumers....
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Modella saves 156 Claire's UK stores, future uncertain for remaining stores
The future of the iconic high street retailer Claire's has been partially secured after specialist investment firm Modella Capital agreed to acquire more than half of its business and assets in the UK and Ireland. The deal, confirmed by administrator Interpath, involves the purchase of 156 Claire's stores for an undisclosed sum, a move that...
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Nike focuses on North America, wholesale, and running amid Q1 results
Nike, Inc. has announced fiscal 2026 first-quarter revenues of 11.7 billion dollars, marking a 1 percent increase on a reported basis but a 1 percent decline on a currency-neutral basis for the quarter ended August 31, 2025. Diluted earnings per share (EPS) for the period came in at 49 cents, a 30 percent decrease year-over-year. The results...
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Carbios reports strong cash position and updates on Longlaville plant construction
Carbios, a pioneer in biological technologies for plastics and textiles, has announced its half-year 2025 results, reporting a solid cash position and providing a revised timeline for its flagship PET biorecycling plant in Longlaville. The company's cash position stood at 72 million euros as of June 30, 2025, which provides a cash horizon of...
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H&M targets emerging markets as US and European demand softens
Fashion retailer H&M is actively seeking to expand into emerging markets such as Brazil and India, according to CEO Daniel Erver, as consumer spending weakens in its core European region and U.S. tariffs impact demand in its second-largest market. “In some of these markets that we haven’t really penetrated… we see a bigger opportunity for...
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LuxExperience FY25: Mytheresa drives growth amid restructuring
LuxExperience B.V., the leading luxury multi-brand digital platform, has announced its financial results for the fourth quarter and full fiscal year 2025. The company's core Mytheresa business reported strong growth, with net sales increasing by 11.5 percent in the fourth quarter to 248.9 million euros, and by 8.9 percent for the full fiscal...
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Shoe Carnival welcomes back Kerry Jackson as CFO
Shoe Carnival, Inc., a leading family footwear and accessories retailer, has announced the appointment of W. Kerry Jackson as its executive vice president and chief financial officer, effective September 28, 2025. Jackson is returning to the CFO role after a brief retirement and a 35-year history with the company. He previously served as the...
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