Shein parks tanks on Boohoo’s lawn as UK sales pass £1.5bn ahead of IPO Retail UK sales at Shein, the Chinese-founded online retailer on track for a bumper IPO on the London Stock Exchange, passed £1.5bn last year, the company has revealed. The division generated a revenue of £1.55bn for 2023, up from the £1.12bn it achieved in 2022. Shein also posted an annual profit of £18.7m, a significant rise [...]
Next and Mike Ashley’s Frasers Group mull Ted Baker rescue deal Retail Mike Ashley’s Frasers Group and Next have reportedly expressed interest in buying Ted Baker.
Look inside Manchester’s £300m new rental project using tech to match up young professionals Property Take a look inside the UK’s first rent-by-the-room apartment building which has just opened in Manchester.
Shein continues to face copycat claims as it plots US listing February 2, 2024 Fast fashion giant Shein has reportedly been accused of breaching its own legal settlement and continuing to sell copycat products despite saying it would stop.
Russian-born billionaire and former F1 boss tops the richest tax list January 26, 2024 A Moscow-born billionaire and former F1 boss Bernie Ecclestone topped this year’s Times tax list, but not for the same reasons.
Frasers Group: What Mike Ashley’s retail empire’s endgame could be after Boohoo, Asos, Currys, AO and N Brown investments January 19, 2024 City AM's UK Editor Jon Robinson asks why Frasers Group has continued increasing its stakes in the likes of Boohoo and Asos and what the endgame could be.
Mark Kleinman: Diamond merger shows mid-cap brokers need polish January 18, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Frasers Group: I Saw It First faces court battle with Turkish supplier after £1 deal December 18, 2023 I Saw It First, the British fast-fashion company backed by Mike Ashley’s Frasers Group, is being dragged to court over a legal battle with a Turkish textile firm. Fabulous Textiles has instructed small UK law firm Blackstone Solicitors to file a claim against the online retailer which shot to stardom thanks to collaborations with Love [...]
Mark Kleinman: LSE chiefs must seize Shein opportunity December 14, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Analysts: Shein float in London would set off investor ESG alarm bells December 12, 2023 Shein is reportedly looking at a potential IPO in London - though analysts in the capital believe a float would raise investor red flags