Reported 3 days ago
Shein, a fast-fashion retailer, is reportedly under pressure from investors to reduce its valuation to $30 billion, a significant drop from previous valuations exceeding $100 billion. This move is aimed at facilitating a potential initial public offering in the UK, following challenges in the US market related to supply chain practices and global trade uncertainties. Shein, originally founded in China and now based in Singapore, has attracted customers with its low-cost products; however, recent political developments and changes in tariff exemptions have added to the company's challenges as it seeks to navigate the IPO process.
Source: YAHOO