Shein plots post-IPO comeback through dealmaking
Shein is pursuing what is internally described as a plan to become the “Amazon Web Services,” Bloomberg reported.
Shein, the Chinese fast-fashion giant, is planning to make a post-IPO comeback through increased dealmaking, according to Semafor. With a planned $27 billion IPO in Hong Kong, roughly a quarter of its valuation four years ago, the company aims to become the "Amazon Web Services of the fashion industry" by acquiring prominent Western brands like Everlane and integrating them into its supply chains, Bloomberg reported.
However, this ambitious plan is likely to face significant challenges, particularly due to the scrutiny surrounding Shein's China supply chains for labor and sustainability practices, according to a Shanghai-based expert.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
