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The Latest Breaking News from Shein

China's landfills brim with textile waste as fast fashion reigns and recycling takes a back seat

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

The Independent UK

Thames, Tata, Shein – it won’t be business as usual for Labour’s Jonathan Reynolds

The new business secretary will have big calls to make within a few days of sitting down at his desk

The Guardian - UK

Is Shein really worth £50bn? Reasons to be sceptical are piling up

Shein failed to list in the US and now the EU is planning customs duties that may dent its business model

The Guardian - UK

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EU plan to impose import duty on cheap goods could dent Shein and Temu

Brussels move to end tax loophole exploited by China-linked marketplaces could also hit Shein’s planned London listing

The Guardian - UK

Do we really want a Shein IPO?

City comment: Listing rules are there for a reason and should not be bent for anyone

Evening Standard

EU Questions Shein, Temu Over Consumer Protection

The EU on Friday demanded wildly popular shopping platforms Shein and Temu explain what action they are taking to protect consumers, including children.

International Business Times

Amazon is about to take on Temu and Shein by copying them

Amazon told top Chinese sellers that it will also start distributing their wares directly to U.S. consumers from a Chinese warehouse, reports say.

Fortune

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Forget Temu — Amazon reportedly building new discount section that ships directly from China

A new report claims Amazon is working on a Temu and Shein competitor to offer discount products shipped directly from China.

Tom’s Guide

Human rights group urges UK financial regulator to block Shein’s LSE flotation

Campaigners allege Uyghur people used as forced labour at some of fast-fashion retailer’s cotton suppliers in China

The Guardian - UK

Shein's IPO and CEO are incredibly secretive, avoiding alleged forced labor backlash

Shein is seeking to list itself in London’s stock exchange, after U.S. politicians rejected NYSE listing.

Fortune

Exclusive: Route raises $40 million Series C at a $1.4 billion valuation

Route has raised $40 million in its Series C, valuing the company at $1.4 billion, Fortune can exclusively report. The round was led by Hanaco VC, and included Jaws Ventures, Madrona Ventures, and Granger.

Fortune

Millennials’ fast-fashion favorite Forever 21 can’t keep up with e-commerce giant Shein’s meteoric rise

Shein acquired one-third of Forever 21’s parent company in 2023, but retail experts say the relationship is no longer beneficial to the Chinese e-commerce giant.

Fortune

Shein’s CEO is so low-profile that even his own employees don’t recognize him

That could change as Shein gears up to go public.

Fortune

More Melroses, fewer Sheins: the real definition of success for London

Look to Simon Peckham’s return with Rosebank Industries for an example of where the market should place value

The Guardian - UK

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Pedestrian.tv

Should Ultra Fast Fashion Brands Like Shein And Temu Be Taxed At Higher Rates?

Aussies are buying an average of 56 new items each year — more than anywhere else in the world. And our shockingly low average price per item indicates most of those are fast fashion items.

Evening Standard

Special Opportunities REIT: London's biggest IPO of 2024 falls through in fresh blow to City

London’s IPO market has been exceptionally weak this year, with Raspberry Pi’s successful float yesterday a rare exception

Fortune

Americans are flocking to Temu, but they trust Amazon so much more

How far can ultralow prices carry Temu amid scrutiny?

The Independent UK

How a sundress made by right-wing site Evie bridged the political gap – simply because it looked ‘cheap’

A sundress sold by right-leaning Evie Magazine has prompted online backlash known as #SundressGate

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news in one place.

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The Guardian - UK

Stop Shein listing on the FTSE, workers’ rights campaigners urge

Groups issue call to next government amid criticism of online fashion retailer’s labour practices and accusations of copying

Evening Standard

Nine reasons not to buy Shein shares

The impending Shein IPO has got the City excited. Some have gone as far as to proclaim that the flotation will revivify the London Stock Exchange. But will you invest?

Fortune

Shein is bad for the fashion industry and our planet—but I can’t wait for the IPO

I’m rooting for the Shein IPO because I hope it will be the final wake-up call to the struggling fashion industry.

Evening Standard

Shein has ethical concerns? So do many London-listed companies — let's look at them too

City Comment: Maybe we should hold some FTSE 100 stalwarts to the same standards as the Chinese fast-fashion giant

Kiplinger

Chinese E-Tailers Are Surging in the U.S. Market: The Kiplinger Letter

Low costs and cheap shipping enable Temu and others to grab market share.

France 24

Indian stocks tumble as election race tighter than expected

India's Nifty 50 index saw shares tumble as much as 7 percent this Tuesday as the country's election results are counted. These show a tighter race than expected, even if Prime Minister Narendra Modi is still on course to win a third term. Also in this edition, Chinese fast-fashion giant…

Fortune

As Shein’s IPO approaches, what will it mean for the ultra-cheap online retailer and for London?

Shein turned to London when its IPO prospects in New York started to look tricky. Now, it promises to be one of London's biggest IPOs in recent memory.

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