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The Latest Breaking News from Shein

French lawmakers target ultra-fast fashion brands

France's National Assembly is debating a bill that would impose penalties on purchases from brands like Shein, Temu and Primark as the explosive growth of the ultra-fast fashion industry wreaks massive environmental damage. We take a closer look. Also, German arms manufacturer Rheinmetall projects record sales for 2024 in a…

France 24

Zara owner Inditex's profits soar as it fends off Shein challenge

The surge in profits comes in contrast to struggling rivals including the UK’s Boohoo and ASOS

Evening Standard

Shein UK breaches company law by failing to disclose human owner

Breach could disrupt Shein’s reported plans to list in UK as companies are legally required to declare ‘person with significant control’

The Guardian - UK

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read the most diverse news in one place.

London set to lure big floats this year as stock market bounces back, says LSE boss

LSE “will not be sold to foreign group” insists CEO

Evening Standard

UK’s Jeremy Hunt met Shein boss in attempt to lure firm’s IPO to London

Chancellor in talks with fast-fashion company as it believes it unlikely that SEC will approve US flotation

The Guardian - UK

FTSE 100 Live 27 February: Index slightly higher, Shein mulls London IPO, Currys jumps on new bid report

Vodafone investors have been braced for a big cut in dividend income after the telecoms giant unveiled a new payout policy today.

Evening Standard

Shein edges closer to London IPO amid US listing setbacks

Shein has edged closer to a London IPO as the fast-fashion firm faces setbacks to its plans to list in New York.

Evening Standard

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Shein And Temu Are Dominating The Global Air Cargo Industry Despite Climate Crisis

China's e-commerce giants Shein and Temu account for almost 10,000 tonnes of garments being shipped overseas, despite fast-fashion and factory worker controversies.

International Business Times UK

France’s fast-fashion 'kill bill': Green move or penalty for the poor?

In a bid to combat the “fast-fashion” and “ultra-fast-fashion” brands that have taken France by storm, a young lawmaker from the conservative Les Républicains party has proposed slapping an extra €5 on every fast-fashion purchase in the name of the environment and the French textile industry. But criticism of the…

France 24

1 killed at Chiefs parade shooting; Russia is developing a space-based nuclear device

A shooting at the Kansas City Chiefs Super Bowl parade killed one woman and injured at least 21 others, including children. Russia is developing a nuclear capability that could target satelites.

WEKU

Temu promises cheap goods. Here's how the shopping app does it

Temu aggressively markets "hot deals," such as a hooded button-up fleece jacket for $8.32. But some U.S. officials accuse Temu of unfair and/or unethical practices.

WEKU

What is Temu? Everything you need to know

Everything you need to know about Temu's online marketplace and whether it's safe to buy from

Tom’s Guide

H&M CEO Resigns as Sales Drop, Stock Plunges

H&M's CEO unexpectedly resigns after drop in sales over the holiday season. Shares plunge as the fashion giant faces competition from Shein and Zara.

Top News

Shein files for planned US IPO with Chinese regulator

Fortune

2024 IPO outlook: The blockbuster is (mostly) dead

IPO discourse has always been messy and prone to extremes, but it’s time to rethink some of the language we’re using.

The Independent UK

Shopper accuses boutique of selling Shein swimsuit for $40

‘At least take the tags off and hide the evidence,’ customer says

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The Guardian - UK

Monday briefing: Happy new year? Guardian writers look ahead to 2024 in politics, culture and more

In today’s newsletter: Recession warnings, more time on TikTok, even faster fashion. But never mind – film and TV are going to have a blockbuster year

The Guardian - UK

‘Textile zombie’ v fossil fashion: the battle to clean up the clothing industry in 2023

There was a huge rise this year in hyperfast fashion, with its huge carbon footprint and terrible waste. But from jeans grown in Lancashire to the popularising of repairs, it’s not all bad news

The Guardian - UK

TechScape: Has online shopping left us in a desperate race to the bottom?

Low-cost, low-quality ‘everything’ stores such as Temu, Shein and Amazon make buying stuff easier than ever – but it comes at a cost

Fortune

IPO candidate Shein under fire by Temu—again—over alleged bullying, intimidating suppliers in new lawsuit

The lawsuit is the latest barrier to the fast fashion retailer as it seeks a public listing in the U.S.

The Guardian - US

Online retailer Temu sues rival Shein, alleging ‘mafia-style intimidation’

Chinese-owned e-commerce firm reignites acrimonious legal battle and alleges Shein ‘bullied and intimidated’ suppliers

Fortune

JD.com's billionaire founder tells employees not to 'lie flat' as Temu-owner PDD catches up to him and Alibaba founder Jack Ma

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

The Guardian - UK

Preaching sustainability while hawking fast fashion – meet the greenwashing influencers

For all their talk of capsule wardrobes, their business model relies on big brands and rapid trend cycles, says writer Sarah Manavis

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