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...
18 Feb 2025
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"....
14 Feb 2025
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...
13 Feb 2025
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...
12 Feb 2025
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...
7 Feb 2025
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...
6 Feb 2025
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...
4 Feb 2025
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...
3 Feb 2025
Chinese fast-fashion giant Shein has introduced new rules for sourcing cotton in products destined for the US market, Reuters reports. The company announced that cotton will now only be sourced from approved regions, such as the US, India, Brazil and Australia. Pressure is mounting for Shein to be more transparent about its supply chain,...
27 Jan 2025
Shein has developed a new polyester recycling process in collaboration with Donghua University, a research institute specializing in textile innovation. Part of Shein’s ongoing multi-year partnership with the research institute, the new recycling process is another key step in Shein’s evoluShein strategy, a framework launched by the Chinese...
22 Jan 2025
Chinese e-commerce giant Shein has launched the Shein Foundation, a non-profit organisation intended to “support more inclusive and sustainable communities in the areas where Shein operates". The press release also states that the foundation will consolidate all of Shein's other initiatives. The launch of the foundation comes as Shein faces...
20 Jan 2025
Amid its pursuit of a listing on the London Stock Exchange, Shein left a bad impression with British MPs during a hearing on Tuesday, January 7. The hearing is part of the UK's Workers' Rights Bill, which aims to protect workers from poor working conditions when buying imported goods. It was intended to give potential investors more clarity...
9 Jan 2025