As Shein, a retailer known for its ultra-low prices, prepares for its initial public offering (IPO), questions about the working conditions at its supplier factories are growing more intense.
Tag: SHEIN
Despite increasing scrutiny of fast fashion from a sustainability perspective, Shein, known as “ultra fast fashion,” has more than doubled its profits to more than $2 billion.
On January 31, Swedish fast fashion company H&M Group appointed Daniel Ervér as its new chief executive officer. Ervér, who was previously the group’s head of brands, takes over from former CEO Helena Helmersson.
On November 5, Amazon.com Inc. made an important move by cutting fees for merchants selling clothing priced below $20, signaling its readiness to compete on price with Chinese fast-fashion Shein.
On November 27, it was announced that Shein, the giant Chinese fast-fashion retailer, has confidentially filed for an initial public offering (IPO) in the United States.
On August 24, Shein, the E-commerce giant known for ultralow prices, announced a partnership with the SPARC Group, the US parent company of Forever 21.
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.
Chinese fast fashion brand, Shein has rapidly become one of the popular brands among Gen…