Renowned apps Temu and Shein have dominated the UK’s iPhone download charts in 2024.Temu emerged as the number one most downloaded app across several global markets,…
Browsing: Shein
Shein is exploring ways to adjust UK listing rules to facilitate its London IPO. The fashion retailer seeks to avoid the 10% public sale requirement for…
Shein’s much-anticipated IPO faces significant hurdles due to supply chain concerns, causing delays in approval processes.The UK Financial Conduct Authority is examining Shein’s supply chain oversight…
Shein aims for a London IPO in early 2025, navigating previous regulatory hurdles.The company plans its initial public offering in the first quarter of next year.Shein’s…
ASOS remains hopeful for a financial turnaround despite significant yearly losses, focusing on strategies that enhance profitability.By halving inventory since 2022, ASOS aims to improve profitability…
Asos CEO José Antonio Ramos Calamonte addresses concerns over competition from Shein and Vinted amidst mounting losses.Calamonte emphasizes the fragmented fashion market, indicating room for competition…
Both Shein and Temu are anticipated to experience notable drops in growth by next year according to a recent Forrester report.Despite aggressive digital advertising strategies, both…
Fast fashion giant Shein announces its first branded credit card, marking a new phase in its global strategy.In collaboration with Mexican fintech Stori, Shein to offer…
John Lyttle, CEO of Boohoo, steps down following a significant decline in international sales.Boohoo experiences a sharp 18% drop in US sales and 21% in other…
Shein is strategically advancing its plans to go public in London.The company has appointed Barclays Plc and UBS Group AG as bookrunners.Preparation involves collaboration with major…