Peter Malachi

‘Chinese fast fashion giant Shein has been seeking an initial public offering for over a year now. The company was rejected for membership to the U.S.-based National Retail Federation, and numerous U.S. lawmakers including Senator Marco Rubio have expressed their support for the SEC blocking any potential U.S. IPO for the Chinese company. But now Shein has apparently abandoned its attempts to go public in the U.S. Instead, Bloomberg reported that Shein will likely IPO in London as soon as this week. The IPO would reportedly value Shein at over $64 billion, making it one of the largest IPOs in the history of the U.K. Shein, which is based in Singapore, still needs approval from the China Securities Regulatory Commission for the IPO to go through. Shein is clearly shifting its strategy for reaching Western consumers. The ongoing trade war between the U.S. and China has made Shein’s U.S. inroads more difficult. In the last year, specifically as a counter to China, the U.S. has introduced legislation like the Americas Act aimed at strengthening trade and manufacturing ties between countries in the Americas.’ #apparel #retail #ipo #fastfashion

2

Go big or go small? How much experience before you lose sight of the reason for its existence? That's the question for luxury retail stores as they clamor for business from finicky affluent consumers from Gens Y and Z, and by 2030, the first adult Gen Alpha's. Some brands such as Gucci and BALENCIAGA have pulled out all stops and gone humongous in their new store formats. The downside? The stores look empty from the outside. So that's the risk. And it's a fine balance. ewald damen, our Luxury Roundtable columnist from Virgile Partners, has some thoughts on how luxury brands and retailers should adapt their stores to evolving shopper behavior. It's worth a read. We'll also be discussing this topic at our #Luxury Retail Forum New York Sept. 12, if you'd like to join us (registration link in article). #luxury #luxuryretail #luxuryretailing #retail #retailers #LuxuryRetailForum #luxurymarketing #luxuryrealestate https://lnkd.in/ddS5DSeS

26

2 Comments