Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
regulation
Technology
Millions of Luxury Products Now Come With Unique Digital Passports. Here’s What That Means.
Brands are starting to adopt the tags in large numbers as they prepare to meet major new EU regulations coming down the pipeline. They’re using the opportunity to build in customer-facing features that can appeal to shoppers, too.
Millions of Luxury Products Now Come With Unique Digital Passports. Here’s What That Means.
Brands are starting to adopt the tags in large numbers as they prepare to meet major new EU regulations coming down the pipeline. They’re using the opportunity to build in customer-facing features that can appeal to shoppers, too.
Retail
Why Shein Keeps Buying Its Rivals
The ultra-fast fashion giant’s latest acquisition of Missguided and a partnership with Forever 21 will grant it access to new customers and distribution channels.
Why Shein Keeps Buying Its Rivals
The ultra-fast fashion giant’s latest acquisition of Missguided and a partnership with Forever 21 will grant it access to new customers and distribution channels.
Retail
The Week Ahead: The Big Verdict for Farfetch-YNAP and More
The industry will be keeping an eye on a key moment for Farfetch, plus Birkenstock’s trajectory, the return of LA Fashion Week and the escalating crisis in the Middle East. That, and what else to watch for in the coming days.
The Week Ahead: The Big Verdict for Farfetch-YNAP and More
The industry will be keeping an eye on a key moment for Farfetch, plus Birkenstock’s trajectory, the return of LA Fashion Week and the escalating crisis in the Middle East. That, and what else to watch for in the coming days.
Retail
Unpacking Fashion’s Crime Wave
Amid a wave of high-profile incidents of theft and violence, big retailers are taking increasingly drastic steps, including closing stores and beefing up security.
Unpacking Fashion’s Crime Wave
Amid a wave of high-profile incidents of theft and violence, big retailers are taking increasingly drastic steps, including closing stores and beefing up security.
Luxury
French Prosecutor Probes Transactions Involving LVMH’s Arnault
The Paris public prosecutor’s office confirmed on Friday that it is investigating financial transactions involving LVMH owner Bernard Arnault and Russian businessman Nikolai Sarkisov.
French Prosecutor Probes Transactions Involving LVMH’s Arnault
The Paris public prosecutor’s office confirmed on Friday that it is investigating financial transactions involving LVMH owner Bernard Arnault and Russian businessman Nikolai Sarkisov.
Retail
H&M Is Hiring More Security as Shoplifting Rises in US
H&M’s chief executive officer Helena Helmersson said on Wednesday shoplifting has been a particular problem in the US, and the world’s No. 2 fashion retailer is looking at taking steps such as increasing security in its stores.
H&M Is Hiring More Security as Shoplifting Rises in US
H&M’s chief executive officer Helena Helmersson said on Wednesday shoplifting has been a particular problem in the US, and the world’s No. 2 fashion retailer is looking at taking steps such as increasing security in its stores.
News & Analysis
FTC’s Amazon Antitrust Lawsuit Faces High Bar in US Court
The company is also fighting claims from another private civil lawsuit that said the company has stifled competition for shipping and fulfilment services.
FTC’s Amazon Antitrust Lawsuit Faces High Bar in US Court
The company is also fighting claims from another private civil lawsuit that said the company has stifled competition for shipping and fulfilment services.
Retail
US Sues Amazon for Breaking Antitrust Law and Harming Consumers
The US Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon on Tuesday, charging the online retailer with harming consumers through higher prices in the latest US government legal action aimed at breaking Big Tech’s dominance of the internet.
US Sues Amazon for Breaking Antitrust Law and Harming Consumers
The US Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon on Tuesday, charging the online retailer with harming consumers through higher prices in the latest US government legal action aimed at breaking Big Tech’s dominance of the internet.
News & Analysis
FTC Poised to Sue Amazon for Antitrust Violations
The Federal Trade Commission is expected to sue Amazon Inc. for antitrust violations next week, according to people familiar with the matter — marking the agency’s fourth swipe at the online retail giant this year.
FTC Poised to Sue Amazon for Antitrust Violations
The Federal Trade Commission is expected to sue Amazon Inc. for antitrust violations next week, according to people familiar with the matter — marking the agency’s fourth swipe at the online retail giant this year.
Global Markets
G7 to Launch Russian Diamond Ban in Bid to Curb Revenues
The plan could transform the global diamond supply chain, but implementation will depend heavily on India, whose diamond industry employs millions of people who cut and polish 90 percent of the world’s diamonds.
G7 to Launch Russian Diamond Ban in Bid to Curb Revenues
The plan could transform the global diamond supply chain, but implementation will depend heavily on India, whose diamond industry employs millions of people who cut and polish 90 percent of the world’s diamonds.
Sustainability
New EU Sustainability Reporting Rules Are a Challenge, Says Puma
Meeting new European Union requirements for corporate reporting on sustainability is a challenge, sportswear brand Puma’s head of sustainability said on Wednesday, ahead of what he called an “avalanche” of regulation in the bloc.
New EU Sustainability Reporting Rules Are a Challenge, Says Puma
Meeting new European Union requirements for corporate reporting on sustainability is a challenge, sportswear brand Puma’s head of sustainability said on Wednesday, ahead of what he called an “avalanche” of regulation in the bloc.
Workplace & Talent
How Hollywood Stylists Can — and Just Might — Unionise
Strict labour laws in the US have long stood in the way of unionising efforts in creative industries like fashion. But in light of Hollywood’s historic strike and the ever-burgeoning gig economy, the tides may be shifting.
How Hollywood Stylists Can — and Just Might — Unionise
Strict labour laws in the US have long stood in the way of unionising efforts in creative industries like fashion. But in light of Hollywood’s historic strike and the ever-burgeoning gig economy, the tides may be shifting.
The News in Brief
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.
Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.