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The Latest Breaking News from Shein

UK cannot afford to give ‘cold shoulder’ to China, says City minister

Bim Afolami’s comments distance British government from protectionist moves by US

The Guardian - UK

Shein has allegedly failed to end 75-hour work weeks at factories

A new report that investigated the factories of Shien's suppliers details disturbing allegations of the working conditions to which employees are subject.

The Street

Amazon Has A Flashy New Rival In PDD's Temu Shopping Site. It Should Take The Threat Seriously.

Temu emerged from nowhere to become an e-commerce force with aggressive marketing and super-low prices. And Amazon stock watchers are thinking the unthinkable.

Investors Business Daily

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Boohoo dives into debt as losses soar to £160m and sales slump

Online fashion retailer cut over 1,000 jobs in year to February amid competition from rival Shein and resurgent high street

The Guardian - UK

Shein mega listing could reverse momentum in London’s IPO melodrama

City Voices: Would a Shein IPO be mostly a symbolic victory? Maybe, but London could really use one right now

Evening Standard

London stock market falls out of top 20 in 2024 global IPO destination rankings — joint with Kazakhstan

The IPO drought comes at the same time as an exodus of firms from the London Stock Exchange

Evening Standard

EU Toughens Rules On Chinese Fashion Retailer Shein

The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs.

International Business Times

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Asos says it will take ‘necessary actions’ after 18% drop in sales

Online fashion retailer says it is becoming ‘faster and more agile’, after pre-tax losses of £120m

The Guardian - UK

First Thing: Fears Iran’s attack on Israel has shifted focus from Gaza aid effort

About 27 children have died of hunger and malnutrition, raising concerns many more will suffer lifelong effects. Plus, dozens of potential Trump trial jurors excused

The Guardian - UK

OPINION - We know fast fashion is wrong — why 11 years after Rana Plaza are we more addicted than ever?

We are at a point in the fashion calendar where greenwashing starts to peak. My inbox is groaning with endless pitches promising innovation and thrills from so-called sustainable brands. Celebrate Earth Day with a T-shirt that will likely end up in landfill? No, thank you.

Evening Standard

The meek may inherit the earth but they won’t inherit the City

City Voices: US companies are masters at blowing their own trumpet

Evening Standard

Fast fashion retailer Shein doubles profits as it awaits IPO approval

Company founded in China and promoted on social media is thought to be considering London listing

The Guardian - UK

Jeremy Hunt and Gen Z are clearly of a mind on Shein. They’d rather skirt the issues

The fast fashion firm’s dubious ethical record doesn’t get in the way of a ‘haul’ or an IPO

The Guardian - UK

Amazon Is Panicking After Losing 2M Customers To Chinese Rivals Temu And Shein Since January

To regain superiority in the e-commerce industry, Amazon are prioritising the trust of its current customers and are looking to increase same-day deliveries.

International Business Times UK

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Top News

France Passes Bill To Curb Fast Fashion Environmental Impact

France leads the way in regulating fast fashion to reduce environmental impact and promote sustainability in the industry.

International Business Times

French Parliament Votes To Slow Down Fast Fashion

France's parliament on Thursday backed a string of measures making low-cost fast fashion, especially from Chinese mass producers, less attractive to buyers.

France 24

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…

Evening Standard

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

The Guardian - UK

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’

Evening Standard

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

The Guardian - UK

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

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