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.
Digital Brands Group receives unsolicited buyout proposal
US apparel and e-commerce business Digital Brands Group, Inc. (DBG) has confirmed receipt of an unsolicited buyout proposal to acquire all outstanding shares of common stock for 77.58 dollars per share in cash. The acquisition offer was submitted by an existing shareholder with a net worth exceeding one billion dollars. The proposal represents a...
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Alia Gogi Joins Dr. Martens Board of Directors
UK footwear brand Dr. Martens plc (Dr. Martens) has announced the appointment of Alia Gogi as an independent non-executive director, effective September 1, 2026. Upon joining the board, Gogi will also become a member of the audit and risk, remuneration, and nomination committees. International retail and commercial experience Gogi brings...
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eBay reports 15 percent revenue expansion for second quarter
US e-commerce giant eBay Inc. (eBay) has reported its financial results for the second quarter ended June 30, 2026. The San Jose-based marketplace generated revenue of 3.10 billion dollars, representing a 15 percent increase on an as-reported basis and a 14 percent rise on a foreign exchange neutral basis. Gross merchandise volume (GMV), reached...
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Canada Goose sells footwear brand Baffin to Royer
Canadian outerwear manufacturer Canada Goose Holdings Inc. (Canada Goose) has entered into a definitive agreement to sell Baffin, a Canadian performance footwear brand, to L.P. Royer Inc. (Royer). Royer is a Canadian manufacturer specializing in work and military footwear. The transaction is expected to close in August 2026, subject to customary...
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Capri Holdings reports revenue decline for first quarter fiscal 2027
US-based fashion group Capri Holdings Limited (Capri) has announced its financial results for the first quarter of fiscal 2027 ended June 27, 2026. The company reported a total revenue of 769 million dollars from continuing operations, representing a 3.5 percent decrease on a reported basis and a 4.1 percent decline in constant currency compared...
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Digital Brands Group initiates review of strategic alternatives to explore potential sale or merger
US apparel conglomerate Digital Brands Group, Inc. (DBG) has announced that it has formally initiated a review of strategic alternatives to explore options to maximize shareholder value. The Austin, Texas-based business operates a portfolio of lifestyle and luxury apparel labels, including Stateside, Sundry, Bailey 44, DSTLD, and AVO Studio. As...
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Delta Galil's Q2 growth driven by sales increase and tariff refund
Israeli apparel manufacturer Delta Galil Industries, Ltd. (Delta Galil) has reported financial results for its second quarter ended June 30, 2026. Sales for the Caesarea-based business increased 9 percent to a second-quarter record of 511.60 million dollars, compared to 470.10 million dollars in the prior-year period. On a constant-currency...
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Amazon Q2 net sales jump 20 percent as cloud and retail surge
US e-commerce and technology conglomerate Amazon.com, Inc. (Amazon) announced its financial results for the second quarter ended June 30, 2026. Net sales for the Seattle-based group increased 20 percent to 200.60 billion dollars, compared with 167.70 billion dollars in the second quarter of 2025. Foreign exchange rates provided a favorable...
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Columbia Sportswear reports second quarter net sales growth supported by tariff refunds
US outdoor apparel and footwear manufacturer Columbia Sportswear Company (Columbia Sportswear) announced its financial results for the second quarter ended June 30, 2026. Net sales for the Portland, Oregon-based group increased 2 percent to 614.4 million dollars compared to 605.2 million dollars in the prior-year period. On a constant-currency...
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Crocs brand surpasses one billion dollars in quarterly revenue
US footwear company Crocs, Inc. (Crocs) reported its financial results for the second quarter ended June 30, 2026. Consolidated revenues rose 2.6 percent, or 2 percent on a constant currency basis, reaching 1.18 billion dollars. The growth was led by the flagship Crocs brand, which surpassed one billion dollars in quarterly revenue for the first...
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