On May 18, the Wall Street Journal reported that Shein, China’s leading fast fashion brand, has raised $2 billion in funding at a valuation of $66 billion.
Tag: fast fashion
Since the covid-19 happened in 2020, many consumers have shifted to online shopping rather than going to physical stores. In the context of this move, a lot of stores tend to close their real stores and hold sales only in their online stores on the black holiday.
What’s more, many stores had already started the Black Friday sale in early November this year, and also the spanning of the holiday discount event is extended over 2 weeks.
The Vestiaire Collective, a French fashion resale platform, announced that it will ban the purchase, sale, or listing of fast fashion items on its platform from today.
The list of banned fast fashion brands includes Asos, Atmosphere, Boohoo, Burton, Cider, Coast, Dorothy Perkins, Fashion Nova, Karen Millen, Miss Selfridge, Missguided, Na-kd, Nasty Gal, Oasis, Pretty Little Thing, Shein, Tezenis, Topman, and Topshop.