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The Latest Breaking News from Shein

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

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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

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.

Pedestrian.tv

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

Evening Standard

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

How far can ultralow prices carry Temu amid scrutiny?

Fortune

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

The Independent 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

The Guardian - UK

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?

Evening Standard

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.

Fortune

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

Evening Standard

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.

Kiplinger

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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.

France 24

Major Japanese carmakers admit to cheating on certification tests

Japanese carmakers Toyota, Honda, Mazda, Suzuki and Yamaha have admitted to cutting corners or providing false data in safety tests needed to get vehicle models certified. The disclosures come as a result of internal investigations ordered by Japan's transport ministry in the wake of massive test rigging at Daihatsu, a…

Evening Standard

City hopes rise for £50 billion blockbuster Shein share listing to warm up the stock exchange's long winter

London could be home shares in the fast-fashion giant beloved of Gen-Z’s style and price conscious consumers

Get all your
news in one place.

100's of premium titles.
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The Guardian - UK

Shein wins Labour support as it prepares £50bn London listing

Chinese fast-fashion retailer close to filing prospectus for IPO in boost for London Stock Exchange, say reports

The Guardian - UK

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

International Business Times

Chinese Shopping App Temu Faces Stricter EU Safety Rules

Chinese shopping app Temu will have to comply with stringent new safety rules after Brussels on Friday added the company to its list of digital firms big enough to face curbs.

Fortune

Shein’s long-awaited IPO could be one of the biggest in years—if it can just figure out where U.S. and Chinese regulators will let it debut

Shein is reportedly considering an IPO in London after its plans to list in New York hit a wall of resistance.

The Guardian - UK

Senior UK politicians call for greater scrutiny of potential Shein IPO

Concerns London listing of retailer facing forced labour allegations goes ahead while parliament is dissolved

Bored Panda

“I Need To Know How Nuclear I Need To Go”: Mom Finds Out $100 Costumes Are Actually From Shein

It should come as no surprise that businesses exist to make a profit. However, if you want loyal and happy returning customers, you can’t make them feel like you’re ripping them off. The post “I Need To Know How Nuclear I Need To Go”: Mom Finds Out $100 Costumes Are…

The Conversation

As governments crack down on fast fashion’s harms, could Shein lose its shine?

Fast-fashion brand Shein expressed interest last year in listing on the New York Stock Exchange (NYSE). But, having met some opposition from US politicians, including Republican Florida senator Marco Rubio, it has now reportedly turned its attention to London.

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