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.
Leadership change at Poshmark: Namsun Kim succeeds Chandra as CEO
Manish Chandra, co-founder of Poshmark, a fashion resale marketplace, is stepping down from his role as chief executive officer after 15 years. He will transition to a strategic position on the company's board of directors. Effective October 1, 2025, Namsun Kim, Poshmark's current executive chairman, will take over as CEO. Chandra co-founded...
People12 Aug 2025
Hiren Gor to lead Levi Strauss' expansion in South Asia, Middle East, and Africa
In a strategic move to boost growth in emerging markets, Levi Strauss & Co. has named Hiren Gor as its new managing director for the South Asia, Middle East, and Africa (SAMEA) region, according to Storyboard 18. Gor, who has been with the company for 16 years, is credited with transforming the South Asia business into a high-growth area. In his...
People8 Aug 2025
Allbirds Q2 net revenue down 23.1 percent, manages to reduce net loss
Allbirds, Inc. has reported its financial results for the second quarter of 2025, with CEO Joe Vernachio stating that the company is on a path to "reigniting the Allbirds brand." The company's net revenue for the quarter was 39.7 million dollars, a 23.1 percent decrease year-over-year, which was at the high end of its guidance range. This...
BusinessMember8 Aug 2025
The RealReal posts improved sales and profitability and raises outlook
The RealReal, Inc., online marketplace for authenticated resale luxury goods, has reported a "breakout performance" in its second quarter, with both gross merchandise value (GMV) and total revenue increasing by 14 percent year-over-year. The company's GMV reached 504 million dollars and total revenue hit 165 million dollars for the quarter ended...
BusinessMember8 Aug 2025
Alpargatas Q2 2025: Havaianas revenue up 8 percent despite volume decrease
Alpargatas, the parent company of the Havaianas brand, has announced its second-quarter 2025 financial results, highlighting a period of strategic transition and profitability growth. The company reported that total volume sold reached 49 million pairs, a 6 percent decrease year-over-year, which was a planned result of a sell-in pull-forward...
BusinessFeaturedMember8 Aug 2025
US Senator Warren warns Foot Locker-Dick's merger could raise prices, hurt small businesses
U.S. Senator Elizabeth Warren (D-Mass.) has sent a letter to the Federal Trade Commission (FTC) and the Department of Justice’s Antitrust Division, urging them to carefully scrutinise and potentially block the proposed acquisition of Foot Locker by Dick’s Sporting Goods. The Senator expressed concern that the merger of two of the largest...
BusinessMember7 Aug 2025
Vince to remain listed on NYSE after compliance plan approval
Vince Holding Corp. has announced that the New York Stock Exchange (NYSE) has accepted its plan to remain listed on the stock exchange. The company, which had been notified on May 6, 2025, that it was not in compliance with listing standards, can now continue its listing. The non-compliance was due to its average market capitalisation and...
BusinessMember7 Aug 2025
Revolve Group reports strong Q2 performance with 9 percent sales growth
Revolve Group, Inc. announced strong financial results for its second quarter ended June 30, 2025. After the quarter's end, the company's net sales in July 2025 increased by approximately 7 percent year-over-year. The company's co-founder and co-CEO, Mike Karanikolas, highlighted a 9 percent year-over-year increase in net sales and a 10 percent...
BusinessMember6 Aug 2025
Tapestry completes sale of Stuart Weitzman to Caleres
Tapestry, Inc., the parent company of brands such as Coach and Kate Spade New York, has completed the sale of its Stuart Weitzman brand to Caleres, a portfolio of footwear brands. The all-cash deal, valued at 105 million dollars, was announced in February this year and marks a strategic move for both companies. For Caleres, the acquisition of...
BusinessMember5 Aug 2025
Canada Goose revenue jumps 22.4 percent in first quarter of fiscal 2026
Canada Goose Holdings Inc. has announced its financial results for the first quarter of fiscal 2026, ending June 29, 2025, reporting a strong start to the fiscal year with significant revenue growth. The company reported a 22.4 percent increase in total revenue to 107.8 million Canadian dollars, or 21.5 percent on a constant currency basis....
BusinessMember31 Jul 2025