Articles by Prachi Singh
Richemont appoints Anton Rupert as non-executive co-deputy chairman
Swiss luxury group Compagnie Financière Richemont (Richemont) has appointed Anton Rupert as non-executive co-deputy chairman of the board of directors. Rupert will serve alongside Bram Schot, who was appointed non-executive deputy chairman in 2024 and will continue in his role as non-executive co-deputy chairman. The two non-executive co-deputy...
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Chalhoub Group joins Global Fashion Agenda to advance sustainability
Denmark-based organisation Global Fashion Agenda (GFA) and United Arab Emirates-based luxury retailer Chalhoub Group have entered a strategic partnership to accelerate sustainability across fashion value chains. Announced during Global Fashion Summit: Copenhagen Edition 2026, Chalhoub Group has joined GFA as an Associate Partner. Through the...
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Frasers Group commits to ending exotic animal skin sales
UK retail conglomerate Frasers Group, owner of retail chains Frasers, Flannels and Harvey Nichols, has confirmed to animal rights organisation People for the Ethical Treatment of Animals (PETA) that it will eliminate exotic animal skins across its brand network. In an email statement, the company said: “We endeavour to make sure that our own...
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Genesco updates full-year earnings outlook
US footwear retailer Genesco Inc. (Genesco) announced its financial results for the second quarter of fiscal 2027 ended August 1, 2026, reporting a 3 percent decrease in net sales to 530 million dollars compared to 546 million dollars in the second quarter of fiscal 2026. The decline in net sales reflected strategic store closings, reduced...
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Lululemon Q2 net revenue drops 4 percent amidst challenging dynamics
US activewear brand Lululemon Athletica Inc. (Lululemon) reported a 4 percent decrease in net revenue to 2.4 billion dollars for the second quarter of 2026, ending August 2, 2026. On a constant dollar basis, net revenue fell 5 percent. The company faced headwinds across key geographical regions, with Americas net revenue contracting 8 percent....
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Innovative Eyewear achieves over 1 million dollars in quarterly revenue
US-based smart eyewear developer Innovative Eyewear Incorporated has announced significant business progress for the third quarter of 2026. The Miami-headquartered developer and manufacturer, known for brands such as Lucyd, Lucyd Armor, Reebok, Nautica and Eddie Bauer, recorded record commercial performance alongside a series of retail...
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Watches of Switzerland reiterates guidance following stable trading
UK-based retailer Watches of Switzerland Group (WOSG) has reiterated its full-year guidance for financial year 2027 following a period of consistent trading momentum in the 17 weeks to August 30, 2026. The luxury watch and jewellery retailer reported strong demand in the US market, while the UK demonstrated further signs of recovery. Growth...
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Authentic expands Lee’s global network through partnership with HiMaxx
US brand management company Authentic Brands Group (Authentic) has named Shanghai Huizhong Technology (HiMaxx) as the operating partner for denim brand Lee across China, Hong Kong and Macau. Under the new agreement, Chinese brand operator HiMaxx will oversee Lee’s regional operations, including product development, sourcing, retail and wholesale...
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N Brown appoints Richard Price to board amid ongoing transformation
UK fashion and homeware digital retail platform N Brown Group has appointed Richard Price as an independent non-executive director to strengthen its leadership expertise and support long-term growth strategies. Price brings more than 35 years of experience across the UK retail sector, with specialized expertise in fashion, clothing, and home...
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Gildan under investigation for alleged securities fraud
Canadian apparel manufacturer Gildan Activewear (Gildan) is under investigation for potential securities fraud following allegations of channel stuffing that led to a sharp decline in its share price. Securities litigation firm Bleichmar Fonti & Auld (BFA) initiated the inquiry to determine whether Gildan misled market participants regarding its...
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