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The Latest Breaking News from Shein

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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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…

France 24

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.

Fortune

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…

France 24

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

Evening Standard

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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

The Guardian - UK

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.

International Business Times

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.

Fortune

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

The Guardian - UK

“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…

Bored Panda

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.

The Conversation

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International Business Times UK

Young People Have Become Addicted To 'Blackout Shopping' Despite Later Regretting It

Through shopping on Shein and TikTok Shop, Gen Zers have developed a habit of spending frequently online as it provides them with a remarkable thrill.

The Guardian - UK

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

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

Investors Business Daily

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.

The Guardian - UK

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

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news in one place.

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Evening Standard

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

International Business Times

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.

The Guardian - UK

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

Evening Standard

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

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