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.
Wolverine Worldwide appoints Cheryl Abel-Hodges and Jack Boyle to board
Wolverine Worldwide announced the appointment of Cheryl Abel-Hodges and Jack Boyle to its board of directors, effective July 1, 2025. Tom Long, chairman of the board for Wolverine Worldwide, expressed his enthusiasm for the new additions, stating, "We are thrilled to welcome Cheryl and Jack to the Board. They have extensive experience in...
People16 hours ago
Birkenstock takes legal action against counterfeiters in India
German footwear brand Birkenstock has initiated legal action in India, leading to recent inspections and seizures at small-scale factories suspected of producing counterfeit footwear, according to individuals familiar with the matter. This development comes as other prominent shoemakers also face legal challenges in the Indian market, with Crocs...
RetailJul 7, 2025
Prada admits Kolhapuri inspiration, proposes co-branding discussions with MACCIA
Luxury fashion house Prada has officially confirmed in a letter sent to the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA), that sandals showcased in its recent men’s fashion show, which bore a striking resemblance to the traditional Indian Kolhapuri sandal, were indeed inspired by the iconic footwear. Prada has now proposed...
BusinessFeaturedMemberJul 3, 2025
Watches of Switzerland Group FY25 revenue rises amidst US growth
Watches of Switzerland Group PLC has reported a revenue of 1.7 billion pounds for the 52 weeks ended April 27, 2025, marking an 8 percent increase year-on-year at constant currency, with 16 percent growth in the US and 2 percent in the UK. This performance was significantly bolstered by an improved trading performance in the second half of the...
BusinessFeaturedMemberJul 3, 2025
Mondetta Clothing appoints Georgi Gvakharia as first VP of retail
Mondetta Clothing, a Canadian sports fashion company known for its diverse portfolio including the active lifestyle label Mondetta Performance Gear, luxury apparel line Modern Ambition, casual sportswear Mondetta, and globally-themed Mondetta Originals, recently announced the appointment of Georgi Gvakharia as its first vice president of retail....
PeopleJul 3, 2025
Clarks announces strategic overhaul after challenging 2024
C&J Clark Limited, the parent company of the iconic footwear brand Clarks, navigated a challenging and transitional year in 2024, marked by leadership changes and a complex global economic environment. The company reported a statutory turnover of 901.3 million pounds, a 9.4 percent decrease from the previous year, and a loss after tax of 39.3...
BusinessMemberJun 30, 2025
Nike's 'Sport Offense' strategy aims to reposition business after sharp revenue decline
Nike announced its financial results for the fourth quarter and full year, which concluded on May 31, 2025. The athletic footwear and apparel giant reported full-year revenues of 46.3 billion dollars, marking a 10 percent decrease on a reported basis. The fourth quarter similarly saw a downturn, with revenues reaching 11.1 billion dollars, down...
BusinessFeaturedMemberJun 27, 2025
Ulta Beauty announces interim CFO appointment, reaffirms 2025 guidance
Ulta Beauty, Inc. announced a change in its executive leadership, naming Chris Lialios, the company’s senior vice president – controller, as interim chief financial officer, effective immediately. Lialios steps into this role following the departure of Paula Oyibo. The beauty retailer has initiated an external search for a permanent successor,...
PeopleJun 26, 2025
Ralph Lauren appoints Angela Ahrendts as lead independent director
Ralph Lauren Corporation has named Angela Ahrendts as the new lead independent director, effective after the company's 2025 annual meeting of shareholders. Ahrendts, who joined the Ralph Lauren board in August 2018, currently chairs the finance committee and serves on the nominating, governance, and sustainability committee. Commenting on the...
PeopleJun 23, 2025
Matalan's EBITDA rises despite sales decline amidst challenging market
Matalan, the UK-based omnichannel fashion and homeware retailer, has reported a 9 percent dip in full-year sales to 985 million pounds. However the strategic emphasis on driving profitability resulted in a 6 percent year-on-year increase in EBITDA to 56 million pounds for the year ended February 22, 2025, with an 11 million pounds improvement in...
BusinessFeaturedMemberJun 19, 2025