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The fast-fashion giant will allocate 80 per cent of the HK$13.6 billion proceeds to technology and expansion while paying up to $3.5 billion to early-stage investors.
Revenue rose 17.6 per cent to $938.8 million on rapid network rollout and double-digit sales gains across the Americas and Europe.
Four co-founders will control 90 per cent of voting rights as the fast-fashion retailer prepares its Hong Kong debut against regulatory probes in Europe and the US.
Fast-fashion online retailer Shein is preparing to debut its Initial Public Offering (IPO) in Hong Kong as early as next Wednesday, according to individuals privy to the matter. The Singapore-based enterprise has engaged in marketing its share offering to…
Fast-fashion retail giant Shein has received authorization for its much-anticipated Initial Public Offering (IPO) process in Hong Kong, bringing it one step closer to a listing after unsuccessful runs in both New York and London. This news came from the China…
Fast-fashion digital platform, Shein, is set to acquire Everlane from its predominant owner, L Catterton, in a transaction that estimates the US-based clothing retailer at roughly US$100 million. As part of the agreement, those possessing common stock in…
The fast-fashion online market is currently in the spotlight as a significant legal tussle unfolds between two rapidly growing competitors, Shein and Temu. The case, presently in motion at London’s High Court, erupted after Shein accused Temu of large-scale…
The fashion industry is all about glamour, and being fashionable. Most of the time, it comes at the expense of the environment, especially when it is all about fast fashion. Fast fashion borrows the name from the fast food industry that is all about cheap,…
Japanese fast fashion eyewear brand, OWNDAYS, is pleased to announce the opening of a new store at Takashimaya S.C., Ngee Ann City. This will be the brand’s second premium concept store in the world and its 33rd store in Singapore. The new store will open to…
Italy’s OVS midrange fashion brand will open its first outlet in Ho Chi Minh City this weekend. ACFC, distributor of IPP Group, a major Vietnamese fashion retailer, has confirmed that they are introducing the OVS brand in Vietnam. OVS is a popular fashion…
Spanish clothes retailer Inditex, has reported its net profit for the first fiscal quarter of 2016 rose 6 per cent, after global sales lifted by 12 per cent. Inditex said profit for February through April was 554 million euros ($A843.61 million), up from 521…
Singapore retailers are facing “dark days”, including store closures, according to Singapore real estate company CBRE. With falling domestic demand and soaring costs, there will be more store consolidations and closures, it says in a new report. It predicts…
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