Close Menu
Global News HQ
    What's Hot

    3 Top Energy Stocks to Buy Without Hesitation in June | The Motley Fool

    June 9, 2025

    The best gaming mouse in 2025

    June 9, 2025

    Adam Lippes Resort 2026 Collection

    June 9, 2025
    Recent Posts
    • 3 Top Energy Stocks to Buy Without Hesitation in June | The Motley Fool
    • The best gaming mouse in 2025
    • Adam Lippes Resort 2026 Collection
    • Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video
    • Federal agents clash with anti-deportation protesters in LA
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • 3 Top Energy Stocks to Buy Without Hesitation in June | The Motley Fool
    • The best gaming mouse in 2025
    • Adam Lippes Resort 2026 Collection
    • Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video
    • Federal agents clash with anti-deportation protesters in LA
    • These ‘Ugly’ Solar Lights Will Instantly Transform the Vibes of Your Backyard—and They’re Just $30
    • Morocco Arrests Mastermind Behind Recent French Crypto-Related Kidnappings
    • Xbox Games Showcase 2025: all the news and trailers
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Luxury Goods & Services - Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
    Luxury Goods & Services

    Shein Profit Dropped Last Year, Further Challenging IPO, FT Says

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
    Share
    Facebook Twitter LinkedIn Pinterest Email



    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 report. The figures are internal projections before accounts are finalized, one of the people told the newspaper.

    Shein doesn’t publish profit guidance, but a 2023 presentation to investors forecast $4.8 billion profit and $45 billion sales for last year, according to the FT. The retailer didn’t respond to a request for comment from the newspaper.

    The company, which was valued at $66 billion in a funding round in 2023 and as high as $100 billion in 2022, confidentially filed papers in June for a London IPO. Bloomberg News reported earlier this month that the firm was under pressure to cut its valuation to about $30 billion.

    Founded in China but now based in Singapore, Shein became one of the world’s most valuable startups thanks to its high-volume, low-cost fashion.

    The FT previously reported that the company may push its listing to the second half of the year following US President Donald Trump’s crackdown on tariff-free imports of small goods from China.

    By Valentine Baldassari

    Learn more:

    What Happened to France’s Anti-Fast Fashion Bill?

    The French Senate has yet to take up the ‘sin tax’-style penalty on fast fashion products, a year after the country’s lower house unanimously approved the bill.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleMichael Saylor signals Strategy’s new Bitcoin purchase after one-week break
    Next Article ‘Hamster Kombat’ Returns—Should You Tap Back in for the ‘HamsterVerse’? – Decrypt

    Related Posts

    Adam Lippes Resort 2026 Collection

    June 9, 2025

    One of the World’s Greatest Wine Collectors Is Auctioning Off Prized Bottles

    June 9, 2025

    Central Saint Martins B.A. Fall 2025 Ready-to-Wear Collection

    June 8, 2025

    This Week: Are Tariff Price Hikes Finally Here?

    June 8, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Finance & Investment
    5 Mins Read

    3 Top Energy Stocks to Buy Without Hesitation in June | The Motley Fool

    The energy industry can be pretty volatile. Take crude oil prices this year, for example.…

    The best gaming mouse in 2025

    June 9, 2025

    Adam Lippes Resort 2026 Collection

    June 9, 2025

    Xbox ROG Ally, the Xbox Handheld is Real and I Played It – Video

    June 9, 2025
    Top
    Finance & Investment
    5 Mins Read

    3 Top Energy Stocks to Buy Without Hesitation in June | The Motley Fool

    The energy industry can be pretty volatile. Take crude oil prices this year, for example.…

    The best gaming mouse in 2025

    June 9, 2025

    Adam Lippes Resort 2026 Collection

    June 9, 2025
    Our Picks
    Finance & Investment
    5 Mins Read

    3 Top Energy Stocks to Buy Without Hesitation in June | The Motley Fool

    The energy industry can be pretty volatile. Take crude oil prices this year, for example.…

    Technology & Gadgets
    44 Mins Read

    The best gaming mouse in 2025

    No gaming mouse will magically stop you from getting destroyed in Counter-Strike or Call of…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version