Shein Commits €250 Million to Circularity Efforts in UK, Europe Amid London IPO Push
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Despite its questionable ESG profile, #Shein seems to go for an IPO in the US. Two reasons to be worried: 1️⃣ ESG scrutiny from US institutional investors does not seem to be strong enough to prevent an ultra-cheap, ultra-fast-fashion retailer like Shein from listing in the US. 2️⃣ ESG scrutiny from the US consumer does not seem to be strong enough to prevent it from becoming a very successful business in the first place. Making things worse, it is among teenagers in the #US that SHEIN has climbed to become the second most popular shopping site after #Amazon. Let’s see if they still wear SHEIN clothes in 40 years. https://lnkd.in/gQKhEJum #marketingcommunication #esg #fashionindustry #ipo #fastfashion #fashionsustainability The Leonie and Norman Institute is linked to the Trium Sustainable Innovators (“TSI”) portfolio management team, which is part of Trium Capital LLP. TSI views and opinions may not necessarily represent the views of Trium Capital LLP.
Chinese fast-fashion retailer Shein makes confidential filing for US IPO
ft.com
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Ahead of IPO, Shein Pledges €250 Million to Circularity, Business in the UK and EuropeUltra-fast-fashion giant Shein revealed plans to invest €250 million in British and European designers and circularity initiatives over the next five years. This move seeks to tackle regulatory crackdowns on “fast fashion” and gain support for a potential London IPO. Shein introduced a €200 million circularity fund targeting textile-to-textile recycling and innovation, encouraging co-investment from […]https://lnkd.in/d8hF2Met
Ahead of IPO, Shein Pledges €250 Million to Circularity, Business in the UK and Europe
https://timesofinnovation.com
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We've been hearing a lot about SHEIN's potential IPO. Initially, there were plans to list on the New York Stock Exchange, but now there are rumors of a potential IPO in London. What really caught my eye about this article is SHEIN's €250 million commitment to invest in British and European designers and circularity initiatives. Of this, €200 million will be invested to launch a circularity fund focused on recycling and related innovations. 💰 A provocative question arises: is sustainability about offsetting the impact or about diving into the "nitty-gritty" of our operating model and implementing solutions that actually reduce our footprint? I believe the latter is the right answer, but often not the easiest to execute. Are we taking the easy road here? 🤔 Read the full article here 📰 : https://lnkd.in/dt4tPDEk #shein #fastfastion #IPO #circularity #sustainability #commitment
Shein Is on a Pre-IPO Charm Offensive
businessoffashion.com
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HOW SHEIN'S US IPO BECAME ENDANGERED BY CHINA RIFT Bloomberg US investors are facing the growing risk of losing out on Shein’s potentially huge initial public offering, as the fast-fashion giant with Chinese roots considers holding it in London instead. Dealmakers in New York once reaped huge fees from Chinese companies going public; now they wonder whether the regulatory clouds that set in after Didi Global Inc.’s 2021 US IPO turned into a debacle will ever lift. With the first $1-billion-plus IPO in New York by a Chinese-owned company post-Didi safely in the books as of February, investors are watching to see if Shein can also break through the impasse — and what it means for Chinese IPOs in the US if they fail. 1. How did Shein become controversial? Shein’s roots in China played a big role in its initial success, but in some ways they’ve have come back to bite it. Founded in 2008, the e-commerce pioneer gained attention in 2021 as it became the most downloaded shopping app in the US, overtaking Amazon. The company managed to more than triple its sales during the Covid-19 pandemic, to a staggering $10 billion in 2020, making it the biggest web-only fashion brand in the world. Its runaway success has been attributed to its prowess with data, favorable tax treatment for small packages and, more controversially, to its vast network of contract manufacturers that pump out thousands of youth-friendly styles daily at ultra-low prices. Critics and rivals have assailed the company over concerns about the environmental impact of disposable fashion, pay and working conditions for those assembling garments, anti-competitive behavior and even evidence that some cotton in its clothing was made with forced labor. A Bloomberg News study in 2022 found that garments shipped to the US by Shein were made with cotton from China’s Xinjiang region, where the US State Department has alleged human rights abuses against the Uyghur people, which China denies. A statement from a company spokesperson said that Shein has a zero-tolerance policy for forced labor and requires its contract manufacturers to source cotton only from approved regions. 2. Can Shein’s critics stop the IPO? The potential IPO has been a lightning rod for politicians such as Marco Rubio. The Republican senator asked the US Securities and Exchange Commission in a February letter to consider blocking the listing, following reports that the company had approached Chinese regulators for permission. Rubio said the company needed to disclose more about its operations in China, despite having moved its headquarters to Singapore. Enter the UK, whose IPO market could use a boost — especially one the size of Shein’s, should it achieve the $50 billion valuation seen in private trades. Shein is considering a listing in London instead. explore more: https://lnkd.in/gvAKnrJD #metaverse #fashion #investment #crisis
How Shein’s US IPO Became Endangered by China Rift
bloomberg.com
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PSA: Shein has acquired both Forever 21 & Misguided as an initiative to gain access to their customer base in a world where fast fashion continues to be a problem. The Ellen Macarthur Foundation, a UNEP partner, has estimated that a truckload of abandoned textiles is dumped in landfill or incinerated every second. Meanwhile, it is estimated that people are buying 60 per cent more clothes and wearing them for half as long. Plastic fibres are polluting the oceans, the wastewater, toxic dyes, and the exploitation of underpaid workers. Fast fashion is big business, and while the environmental costs are rising, experts say there is another way: a circular economy for textiles. I know it can feel good to get that last minute look at a low cost but it is having a massive global impact long after it's bought and worn. Shop from environmentally conscious retailers, please. Shop ReUse. Keep it, sell it, or donate it.
Why Shein Keeps Buying Its Rivals
businessoffashion.com
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🚀 **SHEIN's Big Win: 40% Revenue Boost and Plans for London IPO** E-commerce giant SHEIN just reported a 40% jump in revenue last year, hitting $32.2 billion, with net profits reaching $1.6 billion. This impressive growth shows how tough SHEIN is in a competitive market. Word on the street is that SHEIN is planning a secret IPO in London, aiming to raise over £1 billion. This comes after some regulatory hurdles in the U.S., marking a big shift to the UK market. #Ecommerce #SHEIN #IPO #BusinessGrowth #MarketStrategy #LondonStockExchange #FashionIndustry #GlobalBusiness #RevenueGrowth #RegulatoryCompliance #DigitalEconomy #CrossBorderCommerce #InvestmentOpportunities #TechIndustry #BusinessNews
🚀 SHEIN Reports 40% Revenue Increase and Eyes London IPO Cross-border e-commerce giant SHEIN achieved a 40% revenue increase last year, reaching $32.2 billion, with net profits soaring to $1.6 billion. This significant growth underscores SHEIN's resilience in a competitive market. Reports indicate that SHEIN is planning to file a confidential IPO application in London, aiming to raise over £1 billion. This move follows regulatory challenges in the U.S. and signals SHEIN's strategic pivot to the UK market. #Ecommerce #SHEIN #IPO #BusinessGrowth #MarketStrategy #LondonStockExchange #FashionIndustry #GlobalBusiness #RevenueGrowth #RegulatoryCompliance #DigitalEconomy #CrossBorderCommerce #InvestmentOpportunities #TechIndustry #BusinessNews
SHEIN’s Revenue Surges 40% to $32.2 Billion, Doubling Net Profit to $1.6 Billion
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As it prepares for an IPO #Shien is polishing up its ESG credentials. Its 2022 update on supply chain strategy used lots of qualifying language, such as ‘where appropriate, where feasible, partners are encouraged’ about supplier responsibility (see below) but this has been replaced with a much more conventional and stronger supplier code of conduct. Shein also makes much of how its digital-first technology prevents stock surplus and therefore excess stock and waste (something conventional retailers aspire to) – but the excess comes at the end of the supply chain, with the consumer. Shein has projected sales of $58.5bn in 2025 which combined with its low, low prices equates to billions more garments being sent all over the world and, being so cheap, and so accessible, shoppers buy more, and more often. This means more resources are used in production and more garments are disposed of by the consumer. It’s a conundrum that Gen Z is supposedly the most environmentally concerned generation yet is more likely to consume fast, fast fashion because of the low cost and their low incomes. However we are all responsible for massive consumption, and that includes Baby Boomers who were the first generation to really benefit from accessible fashion. Circularity will only be able to deal with a small portion of our overall consumption, and there are millions of people who are dependent on the clothing industry for their income – particularly in developing countries where textiles have traditionally been the first step in employment, particularly for women. Buying less, and paying more for higher quality products would cut production and consumption while keeping the industry active, but changing our habits and our focus on price will be very hard to achieve. For more on Shein on see Sam Chambers article in the Sunday Times https://lnkd.in/eS-HTgcs Shein Sept 2022 supply chain update “Where appropriate to the size and nature of their operations, Supplier Partners should address the environmental impacts from its operations including raw material usage, greenhouse gas emissions, water, waste, air quality and biodiversity. Supplier Partners are encouraged to track, manage, and mitigate the environmental impact of their operations and strategies, including those of their suppliers. Where feasible, Supplier Partners should take steps to incorporate how they will mitigate the impact of climate change into their strategies and business resiliency plans….. Pic sourc: Guardian
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For a start, Shein needs to be much clearer about why it wants to float at all. Tang has downplayed standard reasons such as raising cash or giving early investors an exit. Instead, he has talked about the benefits of “enhanced transparency” — a phrase that raises as many questions as it answers. Second, some fund managers have said they would struggle to buy Shein over supply chain concerns. These need to be tackled head on. Shein denies allegations about forced labour in its cotton supply chain. It argues that in 2023 it ditched a small number of suppliers in China that did not reach its standards. More frequent, independent audits will be needed to neutralise this issue in the City. Third, there are inevitably governance concerns — about an expected small free float and Shein’s corporate structure, with its ultimate parent registered in the Cayman Islands. One useful signal from Tang could be reassurance that all shares will carry equal voting rights. Given the slim free float expected, a dual-class structure entrenching the rights of pre-IPO investors seems unhelpful and unnecessary.https://https://lnkd.in/gFZiAi-4 Financial Times
What Shein needs to avoid a London IPO bust
ft.com
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Shein Targets $90 Billion Valuation in Potential IPO, Signaling Confidence Amid Evolving Retail Landscape https://lnkd.in/gbsAe7Zc #shein #Chinese #IPO #landscape #trajectory #growth #financial #supplychain #manufacturing #ecommerce #market Industry Tech Insights
Shein Targets $90 Billion Valuation in Potential IPO, Signaling Confidence Amid Evolving Retail Landscape
https://industrytechinsights.com
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🚀 **SHEIN Eyes £50 Billion Valuation in Potential London IPO** 📈 In a move set to significantly impact the UK capital market, fast-fashion giant SHEIN is reportedly planning to file for an initial public offering (IPO) in London. If successful, SHEIN could achieve a valuation nearing £50 billion, marking one of the most notable transactions in recent years. However, this ambitious endeavor comes amidst intensifying competition in the cross-border e-commerce sector, presenting considerable challenges for the company. 💡 **Key Highlights:** - **London IPO Plans:** SHEIN is preparing to submit its prospectus to the UK Financial Conduct Authority (FCA) as early as this week. Recent funding rounds have propelled SHEIN’s valuation to an impressive $66 billion. Should the company secure a listing on the London Stock Exchange (LSE), its market value could surpass £50 billion. - **Financial Performance:** Founded in 2008 and headquartered in Guangzhou, SHEIN has established itself as a dominant player in the international B2C fast-fashion e-commerce sector. In 2023, SHEIN’s profits surged, with revenues exceeding $2 billion, a significant increase from the $700 million net income recorded in 2022. The company’s gross merchandise value (GMV) reached approximately $45 billion in 2023. - **Competitive Landscape:** Despite its impressive growth, SHEIN faces strong competition from traditional fashion brands like Amazon and eBay, as well as new entrants such as Pinduoduo’s Temu and Douyin Group’s TikTok. SHEIN’s rapid expansion presents both opportunities and challenges. The company is actively extending its reach into global markets, particularly in Europe and the Americas, which could boost brand recognition and market share. Leveraging robust digital marketing and social media strategies, SHEIN must continue to innovate and refine its business model to maintain its competitive edge. Stay tuned for further updates on SHEIN's progress. 🌍📊 #SHEIN #IPO #LondonStockExchange #Ecommerce #FashionIndustry #DigitalMarketing #GlobalExpansion
SHEIN Eyes £50 Billion Valuation in Potential London IPO
https://2exchange.world
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