Missguided sale marks a pivot in Frasers’ strategy – but a Shein deal has risks attached September 18, 2023 News that Frasers could sell Missguided to Shein potentially marks a change in strategy for the Sports Direct owner, which has been highly acquisitive in recent years.
Mike Ashley’s Frasers in talks to offload Missguided to Chinese fast fashion giant Shein September 18, 2023 Mike Ashley’s Frasers Group is reportedly in talks to offload its online clothing brand Missguided to Chinese fast fashion giant Shein. Frasers, which owns the high street favourites such as Sports Direct and Jack Wills, bought Missguided for £20m last year after it collapsed into administration. As part of the rescue deal, the Manchester business kept [...]
Shein reaches £1bn in UK sales with tax bill of just £2.3m September 24, 2023 Fast fashion giant Shein has made over £1bn-worth of sales within the first two years of its UK presence.
Shein sets up shop in Japan with physical store to boost online brand November 2, 2022 Fast fashion behemoth Shein is to set up shop at its first permanent brick-and-mortar store in Tokyo. The Chinese retailer announced it would be opening a store in the Harajuku fashion district later this month, according to the Reuters news agency. Shein is looking to push its online brand by having a physical footprint, with [...]
‘Our reforms are working’: Is the London Stock Exchange on the cusp of a revival? June 4, 2024 The London Stock Exchange has had a miserable couple of years. Is Shein's float the start of a rebound?
Shein: Supply chain workers paid as little as 3p to work 18-hour shifts October 16, 2022 Workers supplying Shein are paid as little as 3p and work shifts of around 18 hours, a Channel 4 investigation has uncovered. In its documentary ‘Untold: Inside the Shein Machine,’ the news channel revealed that, in some of the Chinese factories in Shein’s supply chain, workers earn a maximum of £500 per month to produce [...]
Textile workers’ rights group: Shein ‘offering up fig leaf’ with £12m investment into factory standards December 6, 2022 Shein has left many environmental campaigners unimpressed after revealing it would invest £12.2m into improving standards at its suppliers’ factories. The Chinese retailer admitted its hours for workers at two sites breached local regulations, after allegations of worker mistreatment in a recent Channel 4 documentary. Staff at one factory were working up to 13.5 hour [...]
The Notebook: Has London revived its rave scene? May 2, 2024 Susannah Streeter takes the Notebook pen to have her say on the Tiktok ban, Shein's search for a float, and London's new rave scene.
Miniso: The New York-listed Chinese retailer looking to take London high streets by storm February 26, 2024 Shein was first - but it isn't the last Chinese operation coming for London
Fast fashion retailer Shein hits $100bn valuation with fresh funding round April 6, 2022 Fast-fashion giant Shein has hit a $100bn valuation this week after a fresh funding round, making it the third most valuable startup in the world after Elon Musk’s SpaceX and ByteDance.