Fashion industry

Owner Fast Retailing has forecast operating profit to reach 830 billion yen for the coming fiscal year ending August 2027

Sara Moonves has managed to save and grow fashion title W; her next bet is on what she calls ‘Little W’

Higher import duties in key markets, growing regulatory risks hampering Shein’s growth prospects

The offering values it at over US$26 billion, far below its 2022 peak of nearly US$100 billion

They drop to as low as HK$40.04, compared with IPO price of HK$48.56

Growing headwinds in Shein’s core markets - the US and Europe - could weigh on the firm’s growth prospects

Shein emissions double those of Zara owner Inditex, despite lower annual sales

The firm has agreed to give backers in some rounds a guaranteed cash payout equal to an 8% annual return

Shein’s last private fundraising round in May 2023 valued it at US$66 billion