Zara boss calls for crackdown on fast-fashion tax loophole May 9, 2025 The head of Zara’s parent company has called for a US-style crackdown on shipments of small goods in Europe to “level the playing field” between Chinese and European firms. Chinese giants Shein and Temu have heavily disrupted the global fashion market in the last few years, putting pressure on older companies. Part of their meteoric [...]
Reeves: Cutting ties with China would be ‘foolish’ April 19, 2025 Chancellor Rachel Reeves has said it would be “foolish” to stop engaging with China. Reeves is due to hold talks with the US next week amid efforts to strike a trade deal, which the UK hopes can help soften the brunt of Donald Trump’s tariffs. There has been speculation that Washington may press the UK [...]
Global IPO plans grind to a halt amid tariff uncertainty April 7, 2025 IPOs in the UK and US have been put on hold as markets panic amid uncertainty over the roll-out of US president Donald Trump’s sweeping tariffs. Last week, Buy Now Pay Later company Klarna paused its IPO thanks to the tariffs, after planning to launch on the New York Stock Exchange later this month. Klarna’s [...]
Shein confirms listing plans with London in the spotlight March 14, 2025 Fast fashion titan Shein has confirmed its plans to float on the stock market, and hasn’t ruled out listing in London. Chief executive Donald Tang told The Times that the firm wanted to go public to increase “accountability and transparency”. The brand had not previously confirmed a timeline for an IPO. Yet, reports suggest the [...]
Workers rights: Don’t let ‘rogue’ firms undercut good employers, MPs urge March 3, 2025 Changes to the government’s workers’ rights package should be made to ensure “rogue firms” don’t undercut Britain’s best employers, MPs have urged. The Employment Rights Bill, which is currently making its way through Parliament, should have loopholes closed to avoid some companies exploiting work insecurity, the House of Commons Business and Trade Committee (BTC) has [...]
Child labour cases once again found in Shein’s supply chain February 27, 2025 Fast-fashion giant Shein found two cases of child labour in its supply chain last year, the company has told MPs. Shein’s general counsel for Europe, the Middle East and Africa, Yinan Zhu, disclosed the cases in a letter to MPs, according to The Guardian. One of the incidents involved a child aged 11 years and [...]
Shein profit slumps as Temu gains ahead of London IPO February 23, 2025 Shein’s net profit fell by almost 40 per cent in 2024, raising doubts about its long planned London stock market listing. Shein’s profits dropped by more than a third last year, adding to the fast fashion group’s challenges ahead of a long-planned flotation that would be one of the biggest on the London stock exchange [...]
Galentine’s craze spotlights an unmined market: Singles wanting fun February 19, 2025 Hospitality's embrace of Galentine's shows welcome goodwill towards financially punished singles, writes Susannah Streeter.
Shein: Discounted valuation would give IPO a ‘better chance of going ahead’ February 17, 2025 Fast-fashion giant Shein is under investor pressure to slash its valuation by two thirds from its all time high should it go ahead with its long-awaited float on the London Stock Exchange later this year, according to a report. Shen was valued at $66bn (£52bn) in a funding round in 2023 and as high as [...]
Shein: Tariffs and cheap goods crackdown could hit London listing February 14, 2025 Fast-fashion retailer Shain faces an uncertain future amid the threat of Trump tariffs and a crackdown on the sale of cheap goods overseas. There were rumours that Shein planned to list in London with a £50bn float around this Easter, but according to the FT, this boon for London’s market is likely to be shelved [...]