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 [...]
Shein set to slash target valuation for London Stock Exchange float February 7, 2025 Fast fashion giant Shein is poised to slash the target valuation for its planned float in London as it grapples with new trade barriers in the US and growing political concerns in the UK, according to reports. The Chinese founded retailer, which is expected to list in London later this year, is set to be [...]
FCA threatened with legal action over Shein London listing plans February 3, 2025 A human rights group has threatened the Financial Conduct Authority with legal action if it green-lights Shein's London Stock Exchange float
‘We need to get back to our very best’: Boohoo boss vows to make 2025 a ‘year to remember’ January 22, 2025 The chief executive of fast-fashion giant Boohoo has said the group “needs to get back to our very best” as he vowed to make 2025 “a year to remember”. Daniel Finley was speaking a day after shareholders voted to keep co-founder Mahmud Kamani on its board in another blow to Mike Ashley’s Frasers Group. But [...]
‘Horrified’: All Saints founder slams Shein for fast-fashion practices January 18, 2025 The founder of British clothing brand All Saints has said he would be “horrified” if fast-fashion firm Shein is allowed to list in London, describing the Chinese-founded company as the “worst” offender in the sector. “Fast fashion really has changed the whole industry, because it’s now like a race to the bottom… The planet cannot [...]
Shein’s ‘evasive’ performance triggers fresh fury from campaigners January 9, 2025 Human rights groups have launched fresh attacks on the fast fashion firm Shein after a representative of the firm repeatedly dodged questions from MPs over where it sourced materials for its clothing. During a Business and Trade Select Committee hearing on Tuesday, Shein’s London-based general counsel for EMEA, Yinan Zhu, repeatedly failed to give a direct answer [...]
‘Horrified’: Shein lambasted by MPs as fast fashion firm dodges questions January 7, 2025 Fast fashion retailer Shein was lambasted by MPs and accused of behaviour that “bordered on contempt” today after a representative of the firm repeatedly refused to answer questions over its supply chain practices and upcoming IPO. The Chinese-founded retailer, which is reportedly gearing up to list on the London Stock Exchange this year, has faced [...]