Fashion industry

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

Operating profit was flat year on year at 5.91 billion Swedish crowns (S$786.7 million)

LEONARDO Maria Del Vecchio, an heir to the Ray-Ban empire built by his late father, publicly challenged his family’s holding company to back his 10 billion euro (S$14.8 billion) buyout of two siblings’ shares, days before a crucial Jun 30 shareholder meeting.