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.
Klarna achieves 18 percent GMV and 27 percent revenue growth in Q2
Swedish digital finance network Klarna reported its financial results for the second quarter of 2026, delivering positive net income and notable expansion across key operational metrics. During the quarter, gross merchandise volume (GMV) reached 36.6 billion dollars, marking an 18 percent increase year-over-year (YoY). Revenue rose 27 percent...
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Frasers Group increases stake in Hugo Boss to 47.89 percent
UK-based retail conglomerate Frasers Group plc (Frasers) has significantly consolidated its ownership in German premium fashion label Hugo Boss following the conclusion of its voluntary public takeover offer. On June 10, 2026, Frasers initially announced its decision to launch a voluntary public takeover offer to acquire all ordinary no-par...
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Perfect Moment narrows net loss despite lower Q1 revenue
UK luxury activewear label Perfect Moment reported a 21.9 percent decline in net revenue to 1.2 million dollars for its fiscal first quarter ended June 30, 2026, down from 1.5 million dollars in the year-ago quarter. However, net loss improved to 3.5 million dollars versus 3.8 million dollars in the prior year. The London-based company noted...
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Former Abercrombie & Fitch CMO Carey Collins Krug moves to Vuori
American activewear brand Vuori has appointed retail industry executive Carey Collins Krug as its new chief marketing officer, effective October 5, 2026. In her new role, Krug will lead the company’s global marketing organisation. Her responsibilities include overseeing brand, creative, consumer engagement, digital, retail, wholesale and...
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Shein IPO valuation lowered amid slower growth and regulatory scrutiny
Singapore-headquartered online fast fashion retailer Shein is targeting a market valuation between 25 billion dollars and 28 billion dollars for its upcoming initial public offering (IPO) on the Hong Kong stock market, Reuters reported citing market sources. The target represents a steep decline from earlier expectations of 30 billion dollars to...
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Mothercare posts annual loss as Boots exit and Middle East geopolitical tensions weigh on turnover
UK-based specialist parenting and kidswear group Mothercare has reported its full-year financial results for the 52-week period ended March 28, 2026, recording a statutory loss after tax of 5 million pounds. The performance represents a decline from a statutory profit of 6.2 million pounds achieved in the prior financial year ended March 29,...
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Fila-owner Misto Holdings posts 16.6 percent revenue increase in Q2
South Korean apparel group Misto Holdings has reported its financial results for the second quarter of 2026, recording consolidated revenue of 1.4 trillion South Korean won (approximately 988 million dollars), representing a 16.6 percent increase year-over-year (YoY). Consolidated operating profit for the period rose 62.3 percent YoY to 295.2...
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Asics EMEA revenue increases 32.9 percent in second quarter
Japanese sportswear brand Asics’ European division, Netherlands-based Asics EMEA, has reported its financial results for the second quarter of 2026, recording a revenue increase of 32.9 percent compared to the second quarter of 2025. Excluding Onitsuka Tiger, the performance was driven by profitable growth across all categories. The regional arm...
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Björn Borg records highest H1 operating profit in company history despite sales dip
Swedish sports and fashion group Björn Borg AB (Björn Borg) has reported its interim financial results for the second quarter (Q2) and first six months ending June 30, 2026, delivering improved profitability and gross margin expansion despite top-line headwinds. H1 net profit rises by 30.9 percent First-half operating profit grew 30.9 percent to...
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Coach performance propels Tapestry to double-digit annual sales and profit growth
US luxury group Tapestry, Inc. (Tapestry), the parent company of Coach and Kate Spade New York achieved double-digit top- and bottom-line growth across fourth quarter and full year. The performance for the period ending June 27, 2026, was driven by strong handbag demand at flagship brand Coach and international expansion across Asia and Europe....
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