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.
Marks & Spencer targets double-digit operating margin in fashion and home division
UK retailer Marks & Spencer Group (M&S) has outlined its medium-term growth targets during its Capital Markets Day on November 10, 2026. The London based company plans to achieve mid-to-high single-digit sales growth across the group, with profit expansion outpacing revenue. The ambitions form the next phase of its ‘Reinvesting for Growth’...
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Innovative Eyewear revenue climbs 51 percent in third quarter on wholesale expansion
US smart eyewear developer and manufacturer Innovative Eyewear, Inc. (Innovative Eyewear) has reported net revenue of 1.01 million dollars for the third quarter ended September 30, 2026. The result represents a year-over-year (YoY) increase of 51 percent, marking the company’s 13th consecutive quarter of revenue expansion. Volume growth across...
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Hugo Boss announces departure of deputy CEO and chief sales officer Oliver Timm
German fashion group Hugo Boss has announced that chief sales officer and deputy chief executive officer Oliver Timm is leaving the business. Timm has resigned from the managing board at his own request, with the departure taking effect on November 30. Until further notice, chief executive officer (CEO) Daniel Grieder and chief financial officer...
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CEO Jason Rabin acquires majority stake in Centric Brands with investor group
US lifestyle brand portfolio Centric Brands has finalised the sale of the business to its chief executive officer, Jason Rabin, alongside an incoming investor group. Rabin assumes a majority stake in the company, with current management remaining in place to direct long-term operational strategy. The investor consortium comprises US investment...
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Unspun and Arvind partner to scale yarn-to-garment 3D weaving
US fashion technology company unspun and Indian textile and retail conglomerate Arvind Limited (Arvind) have formed a strategic agreement to integrate yarn-to-garment 3D weaving into commercial apparel production. The initiative introduces the B Corp-certified company's proprietary OneWeave platform to an industrial Tier-1 manufacturing site,...
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Spinnova partners with Outlast to develop high-performance temperature-regulating fibres
Finnish materials technology company Spinnova has signed a non-binding letter of intent (LOI) with Germany-based Outlast Technologies (Outlast). The agreement aims to explore the development of high-performance textile materials combining Spinnova fibre with Outlast’s temperature regulation and insulation technologies. The potential...
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Euratex and Global Fashion Agenda form strategic alliance to drive sustainable policy
Belgium-based trade organisation the European Apparel and Textile Confederation (Euratex) and Denmark-based non-profit forum Global Fashion Agenda (GFA) have formed a strategic alliance to align their European and international policy initiatives. The partnership connects European manufacturing representation with global industry convening...
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The Children’s Place files for chapter 11 bankruptcy to pursue asset sale
US pure-play kidswear retailer The Children’s Place (TCP) has voluntarily filed petitions for chapter 11 relief in the US Bankruptcy Court for the District of New Jersey. The retailer is seeking to sell substantially all of its assets pursuant to section 363 of the US Bankruptcy Code. TCP stated it is in discussions with multiple parties...
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Alpargatas lifts profit as international operations return to positive EBITDA
Brazilian footwear manufacturing group Alpargatas posted an 11.1 percent increase in consolidated net sales to 1.24 billion Brazilian reals (0.22 million dollars) for the third quarter of 2026, supported by volume expansion across its domestic and international footprints. Consolidated gross profit grew 11.5 percent year-over-year to 653.2...
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Lululemon appoints brand and strategy chiefs to leadership team
Canadian athletic apparel retailer Lululemon Athletica (Lululemon) has appointed Ben Hallam as chief brand officer, effective November 9, 2026. Hallam joins the senior leadership team and will report to chief executive officer Heidi O’Neill. He previously served as senior vice president of marketing at Canadian hospitality firm Four Seasons...
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