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.
Sports apparel drives Björn Borg's 2025 growth with 24 percent segment increase
Stockholm-based sports fashion group Björn Borg has published its year-end report for 2025, revealing record profitability and sustained sales growth. For the full year, group net sales increased by 5.5 percent to 1,043.9 million Swedish kronor (116.8 million dollars), up from 989.7 million Swedish kronor in 2024. Adjusted for currency effects,...
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Li & Fung secures licensing agreement for C&C California
Hong Kong-based supply chain and logistics giant Li & Fung has announced a new licensing partnership with C&C California, a contemporary lifestyle brand under the Established.Lifestyle division. Facilitated by ACI Licensing, the deal grants Li & Fung category exclusivity for womenswear across swimwear, sleepwear, loungewear, and outerwear. The...
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Perfect Moment achieves first profitable quarter as full-price model takes hold
London-based, French luxury lifestyle brand Perfect Moment has reached a significant financial milestone, reporting its first profitable quarter for the period ended December 31, 2025. Results for the fiscal third quarter of 2026 highlight a successful transition toward a full-price brand model and expanded product diversification beyond...
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Crocs records 2025 revenue of 4 billion dollars despite consolidated decline
Broomfield-based footwear giant Crocs reported that its full-year 2025 revenue exceeded 4 billion dollars despite a slight consolidated decline of 1.5 percent compared to the previous year. The company’s performance was bolstered by the Crocs brand, which saw international revenues grow by 11.9 percent to 1.62 billion dollars, offsetting a 6.8...
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Eddie Bauer shifts to digital-first strategy amidst retail operator bankruptcy filing
Iconic American outdoor brand Eddie Bauer has entered a transformative period characterized by a strategic bifurcation of its business model. While the brand’s intellectual property (IP) owner, Authentic Brands Group (Authentic), accelerates a high-performance digital and wholesale strategy, the company’s North American retail operator has filed...
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Designer Brands appoints Sheamus Toal as chief financial officer
US-based footwear and accessories retailer Designer Brands Inc. has named Sheamus Toal as executive vice president, chief financial officer (CFO), and principal financial officer. Toal will officially join the company on February 16, 2026, taking over from Mark Haley, who has served as interim principal financial officer. Following the...
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Saks Global announces store footprint optimisation for profitable growth
Saks Global, the luxury retail entity formed through the acquisition of Neiman Marcus Group, has announced a strategic optimisation of its store footprint and service model to drive profitable growth. Store optimisation to drive growth The first phase of this transformation includes the closure of eight Saks Fifth Avenue locations and one Neiman...
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Target announces executive leadership changes under new CEO Michael Fiddelke
US-based retail giant Target Corporation has announced a series of executive leadership changes as part of a strategic reorganisation under its new chief executive officer, Michael Fiddelke. The appointments, effective February 15, 2026, are designed to simplify the corporate structure and accelerate the company’s growth plans by focusing on...
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Converse initiates restructuring and layoffs amid slumping sales
Employees at Converse have been instructed to work from home as the Nike Inc. brand begins a restructuring process that includes job cuts. According to a Bloomberg report, the reorganization will involve the creation of new roles and team reassignments for remaining staff. In a memo viewed by Bloomberg News, Converse chief executive officer...
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Fossil Group names Shannon Freeze as chief people and communications officer
US-based lifestyle accessories company Fossil Group has announced the appointment of Shannon Freeze as chief people and communications officer. Freeze will join the executive leadership team on February 23, 2026, reporting directly to the chief executive officer, Franco Fogliato. In this newly defined role, Freeze will be responsible for...
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