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.
Hugo Boss meets 2018 targets, reveals Q4 sales growth of 7 percent
On a preliminary basis, Hugo Boss Ag said that group sales grew by 7 percent in the reporting currency and 6 percent in local currencies to 783 million euros (889 million dollars) with both the company’s own retail business and the wholesale business recording positive growth. On non-audited basis, Hugo Boss achieved sales of 2,796 million euros...
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Justo Gallardo joins the management team of Baldessarini
Ahlers AG has announced the appointment of Justo Gallardo as the new member of the management team at Baldessarini. The company said that Gallardo, who replaces Eris Sperber, takes over the management of sales, product and marketing with immediate effect. "With this step, we want to focus on the collections of Baldessarini and increase the...
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Li & Fung names Darren Palfrey as Chief Digital Officer
Li & Fung has appointed Darren Palfrey as the company’s Chief Digital Officer (CDO). The company said in a statement that as CDO, Palfrey’s primary focus will be to realize Li & Fung’s vision of the supply chain of the future and build the LF Digital Platform – a fully-integrated digital platform that connects suppliers, customers and other...
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TFG London posts strong Christmas sales
TFG London has reported strong growth in sales through the Christmas trading period. This, the company said, represents a continuation of the positive momentum of the first 9 months of the year in which TFG London sales increased by 42 percent to 318.8 million pounds, with comparable sales growth of 3.5 percent. Over the month of December, the...
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Chad Leat replaces Millard Drexler as Chairman of J.Crew Group
J.Crew Group, Inc. chairman and former chief executive officer Millard "Mickey" Drexler has retired to devote his full time to the development of Drexler Ventures, LLC and other interests. The company said that its board of directors has now elected Chad Leat to succeed Drexler as Chairman, effective immediately. Leat has served as a director of...
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VF's full year outlook raised on strong Q3 performance
VF Corporation’s revenues for its third quarter ended December 29, 2018 were up 8 percent or 10 percent in constant dollars to 3.9 billion dollars. Excluding acquisitions net of divestitures, the company said, revenue increased 7 percent or 9 percent in constant dollars, driven by VF’s largest brands, international and direct-to-consumer...
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Cath Kidston reports annual loss of 10.5 million pounds
For the year to March 25, 2018, Cath Kidston has reported EBITDA loss of 10.5 million pounds (13.5 million dollars), while operating loss for the period amounted to 19.6 million pounds (25.3 million dollars). The company, in its accounts filed with the Companies House UK, attributed the rise in losses to “adverse impact of decline of sterling...
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Christina Stenbeck leaves Kinnevik board of directors
Kinnevik AB has announced that Cristina Stenbeck, Erik Mitteregger and Mario Queiroz have decided not to stand for re-election to Kinnevik's board of directors at the 2019 annual general meeting, and that the nomination committee will propose Susanna Campbell and Brian McBride as new board members. Stenbeck, the company said, was elected to the...
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Ann Summers swings to loss despite rise in revenues
For the year to June 30, 2018, Ann Summers, retailer and wholesales of lingerie, apparel, adult toys and related products, reported revenue increase to 110 million pounds compared to 109 million pounds last year. However, it said in the filing with the Companies House UK that loss for the year was 3.1 million pounds compared to profit of 2.5...
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Puma elevates Arne Freundt to Regional GM Europe and EEMEA
Sports company Puma has announced the appointment of Arne Freundt as Regional General Manager Europe and EEMEA with immediate effect. In this position, the company said in a statement, Freundt, currently Puma's global director retail & ecommerce, will continue to directly report to the company’s CEO Bjørn Gulden. As Regional General Manager...
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