Reported 4 days ago
Shein, the fast-fashion retailer, is reportedly facing pressure from investors to reduce its valuation to around $30 billion, significantly lower than its previous valuations. This call for adjustment is aimed at facilitating its potential IPO in the UK, following a difficult journey to go public due to concerns over supply-chain practices and rising political tensions. The company, now valuated at $66 billion from a 2023 funding round, is navigating a competitive market environment and regulatory uncertainties.
Source: YAHOO