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.
eBay board rejects unsolicited acquisition proposal from GameStop
The board of directors of US e-commerce leader eBay has formally rejected a non-binding acquisition proposal from US retailer GameStop. Following a comprehensive review conducted with financial and legal advisors, the board determined that the offer did not align with the long-term interests of the company or its shareholders. In a formal...
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Under Armour revenue falls to five billion dollars amid strategic reset
US sportswear group Under Armour has announced its financial results for the fourth quarter and full fiscal year 2026, ending March 31, 2026. The Baltimore-based company reported a total annual revenue of 5 billion dollars, representing a 4 percent decline compared to the previous year, or a 5 percent decrease on a constant currency basis. The...
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Delta Galil achieves Q1 sales growth of 15 percent driven by US market
Israeli apparel manufacturer Delta Galil Industries has announced strong financial results for the first quarter ended March 31, 2026. The group, which produces intimate apparel, activewear, loungewear, and denim, saw sales growth across all business segments and geographic regions. Record revenue driven by US market expansion First quarter...
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Zia Zareem-Slade appointed managing director at Paul Smith
British heritage brand Paul Smith has appointed Zia Zareem-Slade as its new managing director. Zareem-Slade transitions to the independent fashion house from her most recent role as chief executive officer of British jewellery brand Annoushka. The appointment, effective May 2026, marks a strategic addition to the Paul Smith executive team....
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M&S acquires Lichfield distribution centre to boost online fashion growth
British retailer Marks & Spencer (M&S) has announced a conditional agreement to acquire a 437,000 square foot fully automated fashion distribution centre located in Lichfield. The facility, previously operated by British online fashion retailer Asos, is scheduled to become operational within the M&S network in 2027. The acquisition is expected...
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The RealReal achieves double-digit growth in Q1 2026
The US luxury resale platform The RealReal has reported a strong financial performance for the first quarter ended March 31, 2026. The company experienced double-digit growth across its primary metrics, driven by an expanding active buyer base and increased demand for authenticated second-hand fashion. Gross merchandise value (GMV) for the first...
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Aritzia's retail expansion drives record financial performance in Q4 and full year
Canadian fashion house Aritzia has reported that its real estate expansion strategy served as a primary catalyst for its record-breaking financial performance in the fourth quarter and full fiscal year ended March 1, 2026. The company reached net revenue of 1.19 billion Canadian dollars (0.87 billion dollars) in the final quarter, up 36.2...
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Havaianas brand drives Alpargatas to highest-ever quarterly EBITDA
Brazilian footwear giant Alpargatas recorded its highest nominal quarterly EBITDA in history during the first quarter of 2026, supported by strong volume growth in its flagship Havaianas brand. The company achieved an adjusted EBITDA of 299.50 million reais (60.55 million dollars), representing an expansion of 5.50 percentage points compared to...
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Tapestry raises full-year guidance following robust Q3 results
US luxury group Tapestry, the parent company of Coach and Kate Spade New York, reported a significant increase in revenue and earnings for the fiscal third quarter ended March 28, 2026. The group achieved double-digit growth across its core brands, bolstered by a 21 percent increase in net sales to 1.92 billion dollars. The performance has led...
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Lenzing returns to profitability in Q1 2026 after three negative quarters
Austrian fiber producer Lenzing has reported a positive net result for the first quarter of 2026. This marks a financial recovery for the group following three consecutive negative quarters throughout 2025. The group achieved a net profit of 24 million euros (28.24 million dollars) for the period ending March 31, 2026. While this figure is lower...
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