BRIEF: Shein to acquire U.S. peer Everlane for $100 million
Online fast fashion retailer Shein has agreed to buy U.S. peer Everlane from private equity firm L Catterton in a deal worth about $100 million, according to a report in…
BRIEF: Shein considers move back to China to smooth way for Hong Kong listing
After experiencing setbacks in its U.S. and U.K. listing plans, fast-fashion e-commerce platform Shein is reportedly considering moving its headquarters from Singapore back to China in a bid to secure…
BRIEF: Shein abandons London listing plan, heads to Hong Kong
Online fast fashion retailer Shein has abandoned plans for a London IPO after failing to get approval from China’s securities regulator, Reuters reported on Wednesday, citing sources familiar with the…
BRIEF: Shein hikes U.S. prices as much as 377%
Fast-fashion giant Shein has sharply increased its prices in the U.S., with the cost for some items surging by as much as 377%, ahead of new tariffs on small parcels,…
BRIEF: Shein London IPO approved by British financial regulator
Britian’s financial regulator has approved a London Stock Exchange listing by Shein, bringing the online fast fashion retailer one step closer to its long-awaited goal of becoming a publicly listed…
BRIEF: Shein profit tumbles 40% as competition heats up
Fast fashion e-commerce company Shein’s sales rose 19% last year to $38 billion, but its profit tumbled nearly 40% to $1 billion amid stiff competition, the Financial Times reported on…
Shein loses its shine on bumpy path to London listing
The fast fashion giant’s lack of transparency about its cotton sourcing could hurt its valuation in the long and turbulent journey to its IPO Key Takeaways: Shein’s reported plan to…
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