Shein
Shein, which was banned from India in 2020, has regained access to the populous market.The Chinese fast fashion brand has entered an agreement with Mukesh Ambani’s Reliance Industries.It will sell products under a new e-commerce platform called Shein India Fast Fashion.Shein is re-entering the world’s biggest consumer market, India, nearly…
LONDON (Reuters) -The chair of a British parliamentary committee wrote on Thursday to the London Stock Exchange (LON:) to raise concerns about evidence given by a Shein representative at a hearing this week, and to ask how the exchange checks statements by firms looking to list. The lack of response…
By Helen Reid LONDON (Reuters) – Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors. Typing a few words…
By Arriana McLymore and Ananya Mariam Rajesh (Reuters) – Amazon (NASDAQ:)’s push to offer more everyday essentials like toothpaste is hurting its average selling prices, but it is also a guard against rivals such as Temu and Shein who offer rock bottom prices on goods they ship from China. People…
Investing.com — The U.S. government is currently grappling with a rising challenge in e-commerce: the growing influence of Chinese retail giants Temu and Shein. Both platforms have disrupted the U.S. market with their ultra-low-cost products and unique consumer-to-manufacturer business models, offering massive price advantages over domestic competitors. With the Biden…
By Julie Zhu, Amy-Jo Crowley and Hadeel Al Sayegh HONG KONG/LONDON (Reuters) – Shein is set to hold informal investor meetings in the coming weeks for its planned London initial public offering (IPO), three sources with knowledge of the matter said, pushing ahead with preparations as it awaits UK regulatory…
The fast-fashion giant uncovered the child labor issues in China during its sourcing audits between January and October 2023, it said in a new sustainability report. It is unclear if the cases involved two children or two instances of suppliers employing several children, defined as under 16 years old, according…
By Helen Reid and James Davey LONDON (Reuters) – Fast fashion retailer Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct…
By Kane Wu and Julie Zhu HONG KONG (Reuters) -Shein confidentially filed papers with Britain’s markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year. The China-founded company, which was valued at $66 billion…
By Arriana McLymore NEW YORK (Reuters) – Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual property rights. Shein, a China-founded e-commerce giant, is pushing toward a London IPO. The EU’s digital rules…
