Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
Fast-fashion retailer Shein’s profit slumped by almost 40 percent last year, putting further pressure on a potential initial public offering in the UK, the Financial Times reported, citing people it didn’t identify. Net income fell to $1 billion even as sales jumped 19 percent to $38 billion, according to the
Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion
Fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with the matter, having in the past been valued at more than three times that amount. Shein shareholders are suggesting that an adjustment is needed to help get its potential initial public
