Shein news and archive

Shein and Everlane: how an 80 million dollar acquisition serves a 27 billion dollar IPO strategy

A few hours after launching its initial public offering in Hong Kong, Shein faces a new complication in the US. The acquisition of Everlane, completed in May for 80 million dollars, is now under review by the CFIUS. Even more unusually, it was Shein who voluntarily requested this review after the deal was completed. This move can be seen as an...

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Shein to make market debut in Hong Kong in September

Hong Kong - Shein will debut on the Hong Kong stock exchange on September 1, the fast-fashion retailer said on Monday, in a long-awaited listing that would value the group at close to US$27 billion. The online retailer plans to offer 280 million shares at a price between HK$47.60 and HK$49.50, raising up to HK$13.86 billion (US$1.7 billion), it...

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Retail

Shein: heavily criticised, yet millions of customers remain

Paris - Having become the symbol of ultra-fast fashion in recent years, Shein is preparing for its stock market debut in Hong Kong in September. The company has found itself targeted by multiple European and French initiatives aimed at regulating its operations. Investigations, sanctions and controversies have not, however, prevented the Asian...

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Shein reportedly delays IPO debut

Chinese fast fashion giant Shein has reportedly delayed its market float following concerns over the listing from investors. According to the South China Morning Post, Shein is now expected to make its Hong Kong debut on September 1, with a lower valuation between 26 to 27 billion dollars. The media outlet said Shein is planning to introduce...

Fashion

Shein expands campus ambassador program with back-to-school tour across seven US universities

Global fast-fashion retailer Shein has announced its second annual back-to-school campus tour, targeting seven higher education institutions across the East Coast and Southeast region between August 19 and September 11. The experiential marketing initiative is designed to drive direct engagement during university Welcome Week events while...

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Shein IPO valuation lowered amid slower growth and regulatory scrutiny

Singapore-headquartered online fast fashion retailer Shein is targeting a market valuation between 25 billion dollars and 28 billion dollars for its upcoming initial public offering (IPO) on the Hong Kong stock market, Reuters reported citing market sources. The target represents a steep decline from earlier expectations of 30 billion dollars to...

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Business

Shein loses UK copyright case against Temu

Chinese fast fashion giant Shein has lost a copyright battle against its rival Temu in a case centred on thousands of product photographs that Shein alleged had been used on Temu’s UK platform to promote copies of its own-brand clothing. At the start of the trial in May, Shein accused Temu of breaching its copyright “on an industrial scale” and...

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Shein worth less than its Hong Kong IPO target, analysts say

Bloomberg Intelligence has put a valuation of 22 billion to 25 billion dollars on Shein ahead of the fast fashion retailer's Hong Kong initial public offering (IPO), a range well below the price the company is understood to be seeking. The estimate was reported on Monday. The figure values Singapore-headquartered Shein, which was founded in...

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Shein reportedly seeks valuation of up to 40 billion dollars for Hong Kong listing

Shein is targeting a valuation of 30 billion to 40 billion dollars in a Hong Kong initial public offering (IPO) it could launch as early as mid-August, press agency Reuters reported on Tuesday, citing three people familiar with the plans. The target marks a reset for the Singapore-headquartered fast fashion retailer, which was founded in China...

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The volume shift: How Asian online retailers move from individual parcels to bulk inventory

The landscape of international trade and e-commerce logistics across Europe has undergone a fundamental structural realignment. For years, the European Union’s long-standing low-value customs duty exemption—the de minimis threshold—allowed billions of individual parcels valued under 150 euros to flood into member states from Asian manufacturing...

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Shein under investigation by US watchdog amid Hong Kong IPO process

Shein has confirmed that it is under investigation by US regulators under the Federal Trade Commission (FTC) as it continues to pursue an IPO listing on the Hong Kong Stock Exchange. The Chinese fast fashion giant disclosed the development, which impacts its US business, in a regulatory report filed in connection with its planned IPO, however...

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Shein reveals quarterly loss ahead of Hong Kong listing

Singapore-based fast fashion retailer Shein has disclosed a softening in profitability and a deceleration in revenue growth, providing investors with an initial detailed view of its financial health ahead of a planned initial public offering (IPO) in Hong Kong. According to a regulatory filing submitted to the Hong Kong Stock Exchange under the...