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.
Saks Global's Q2 performance impacted by inventory issues
According to WWD, Saks Global reported a decline in both revenue and profit for the second quarter, weighed down by persistent inventory challenges and higher operating costs. For the quarter ended August 2, revenue dropped 11.1 percent to 1.6 billion dollars, while gross merchandise value slipped to 2 billion dollars. The company's net loss...
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Madison Reed appoints Nancy Bigley as president of stores
Beauty brand Madison Reed has appointed Nancy Bigley to the newly created role of president of stores. In this position, Bigley will oversee all facets of Madison Reed's Hair Color Bar business, including its 97 current owned-and-operated locations nationwide, new store openings, and the development of the company's future franchise and store...
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Reitmans COO Jackie Tardif to depart after 31 years
Reitmans (Canada) Limited (RCL), a leading specialty apparel retailer, announced that Jackie Tardif will depart the company after 31 years of service, effective December 1, 2025, following the elimination of the chief operating officer role. Andrea Limbardi, RCL's president and CEO, praised Tardif's career, stating, "It is difficult to put into...
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Watchmaker Fossil eyes IPO for Indian unit
Luxury watchmaker Fossil Group Inc. is reportedly considering an Initial Public Offering (IPO) for its Indian arm, Fossil India Pvt., aiming to capitalise on the country's booming market for new listings, according to a Bloomberg report. Following the news, the company's shares jumped 44 percent in Wednesday morning trading. Quoting people...
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Showroomprivé to sell stake in The Bradery for 43.6 million euros
Showroomprivé (SRP Group), a European leader in flash sales, has announced its intent to sell its 52.75 percent stake in The Bradery brand back to its founders, Timothée Linyer and Edouard Caraco. The cash transaction values The Bradery at 43.6 million euros, reflecting the immense success of the platform since SRP Group acquired its majority...
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Cart.com hires Arjun Sainath as CTO to drive unified commerce technology
Cart.com, a leading commerce solutions provider, has appointed Arjun Sainath as its new chief technology officer (CTO). In this role, Sainath will be responsible for leading the company’s product and engineering strategy, with a focus on advancing Cart.com’s use of AI and machine learning to build scalable, data-driven technology for unified...
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Reebok International reports strong financial performance in 2024
Reebok International Limited and its subsidiary RILUK IPCO Limited, reported a strong financial performance for the year ended December 31, 2024. Group profit after taxation increased to 179.9 million dollars, up from 163.6 million dollars in 2023 and revenue increased to 302.4 million dollars. This profit surge was driven by the expansion of...
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Vince Holding Corp. to transfer stock listing from NYSE to Nasdaq
Vince Holding Corp., a global contemporary retailer, has announced its voluntary decision to transfer its U.S. stock exchange listing from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC (Nasdaq). The company anticipates that its common stock will cease trading on the NYSE on or around October 20, 2025, and will begin trading...
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Lanvin Group CFO David Chan to leave the company in October 2025
Lanvin Group, the global luxury fashion group, has announced that David Chan, its executive president and chief financial officer, will step down from his position, effective October 27, 2025, to pursue new professional opportunities. Since joining the Group at its inception, Chan has been instrumental in strengthening Lanvin Group’s strategic...
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Toms welcomes Jessica Alsing as CEO
Footwear brand Toms, known for its social impact, has appointed footwear industry veteran Jessica Alsing as its new chief executive officer. Alsing, who has been consulting with the company in recent months, brings deep expertise in footwear, digital marketing, and global brand building, along with a shared belief in Toms’ mission to use...
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