The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Chinese e-commerce giant Shein has upended the retail industry by figuring out how to make clothes even quicker and cheaper than fast-fashion brands that came before it. Independent brands and global retailers alike are changing how they operate to keep up.
The online upstart is only getting started: it’s planning to raise $1 billion at a $100 billion valuation, according to Bloomberg. If successful, Shein would be worth as much as Zara and H&M combined.
Below, a look at Shein’s path to the top.
Joan Kennedy is Editorial Associate at The Business of Fashion. She is based in New York and covers beauty and marketing.
The Japanese apparel chain will be launching its sister brand GU in the US later this year, targeting younger consumers with lower prices and a curated selection of trendy wares.
Canada, France and Ireland are among the countries working with home-grown fashion talent to create uniforms for their teams at this summer’s Olympic Games. For these small labels, it’s an unprecedented opportunity to capitalise on one of sports’ largest events.
The online fashion retailer plans to update China’s securities regulator on the change of the initial public offering venue and file with the London Stock Exchange as soon as this month, a person with knowledge of the matter said.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.