Shein news and archive

Shein accused of counterfeiting Coach products

Tapestry, the American fashion group whose brands include Coach, has sued Shein for plagiarism. Coach's parent company accuses the Chinese e-commerce giant of violating its property rights and trademark, according to court documents. Tapestry alleges that Shein engages in misleading advertising and distributes products that closely resemble...

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Shein says US tariff hit won't stop fast-fashion flood

Tariffs imposed by the Trump administration will not eject fast-fashion juggernaut Shein from the US market, its executive chairman Donald Tang has told AFP. The head of the online platform, which has come in for scrutiny over its environmental footprint and allegations of human rights violations, also insisted that the company does not use...

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Shein chairman confirms IPO plans

Fast fashion giant Shein has confirmed plans to float on the stock market. In conversation with The Times, executive chairman Donald Tang said he wished for the Singapore-headquartered firm “to embrace the accountability and transparency of being a public company”. Tang declined to comment on the timing, valuation and destination of the listing,...

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Shein yearly profits reportedly plunge amid IPO challenges

Fast fashion e-tailer Shein is believed to have seen its group net profit drop by nearly 40 percent to one billion dollars in 2024 amid heightened competition from rival Temu. Two sources with knowledge of the matter told the Financial Times (FT) that while sales for the full year rose 19 percent to 38 billion dollars, its reported net profit...

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Shein attempts to reassure investors as IPO faces uncertainty

Shein, China's much-maligned fast fashion giant, is trying to reassure investors after US President Donald Trump's decision to end the de minimis regime, which exempted low-value imports from China from customs duties. The move could significantly impact the company's business model, as it prepares to go public in London. In a letter to...

Business

Shein delays London IPO due to strict approach from Trump

Shein's initial public offering (IPO) in London is facing yet more delays. The fast-fashion giant initially aimed to list on the London Stock Exchange around Easter 2025 (approximately April 20). However, according to the Financial Times (FT), the Chinese company will reportedly miss this target due to "Trump's crackdown on low-value packages"....

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U.S. tariff crackdown hits Chinese fast fashion giants

Chinese fast fashion giants Shein and Temu are facing declining sales in the U.S. following Donald Trump’s renewed tariff measures targeting Chinese imports. Sales have dropped 16 percent and 41 percent respectively since Trump’s inauguration, driven by the elimination of the “de minimis” trade rule, which previously exempted goods under 800...

Business

Shein seeks Vietnam expansion to offset U.S. tariffs

Fast-fashion leader Shein is encouraging key Chinese suppliers to establish production facilities in Vietnam, offering temporary incentives such as higher procurement prices of up to 30 percent and larger order guarantees, according to a Bloomberg report. The move comes in response to recent U.S. trade policy changes, including the removal of...

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Shein to reportedly slash its valuation for London IPO

Shein is believed to be cutting its valuation to 50 billion dollars ahead of a planned IPO in London, Reuters has reported. This is a significant drop from the 66 billion dollars the company was expected to be worth in 2023. The cut comes amid a "worsening business outlook" after the US government ended the de minimis tariff exemption, which...

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EU investigates Shein for possible consumer law violations

The European Commission is investigating Chinese online retailer Shein for possible violations of European consumer law. The Commission is investigating whether the online platform Shein is taking sufficient steps to prevent consumers from being harmed by unfair or misleading terms. The investigation is being carried out by national consumer...

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Shein IPO faces lawsuit from workers’ rights NGO

Shein is facing further obstacles when it comes to pursuing its reported 50 billion pound IPO in the UK. NGO Stop Uyghur Genocide (SUG) is said to be considering legal options to increase pressure on the region’s Financial Conduct Authority (FCA) if a flotation is approved. SUG has issued a 14-day deadline to the FCA to respond to its pre-action...

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EU's e-commerce crackdown: A new era for fashion industry protection

According to a recent Financial Times report, the European Union is set to dramatically reshape the e-commerce landscape with new regulations targeting major platforms like Shein, Temu, and Amazon Marketplace. The proposed reforms would make these platforms directly liable for dangerous or counterfeit products sold through their sites - a...