Tag: fast fashion
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Textile federation seeks 10 euro fee on EU fast-fashion imports
PARIS: A federation of European textile associations called on Tuesday (Sep 2) for an import fee of 10 euros (US$11.60) on fashion imports, the latest effort to stem the flood of ultra-cheap competition mainly from China.The plea by Euratex came after the EU imposed in July a three-euro duty on cheap parcels
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France targets Shein and Temu with fast fashion fees
The levy on “ultra-fast fashion” items could reach almost €20 per garment by 2030.
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Fast-fashion retailer Shein shares fall more than 10% in pre-debut trading
HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein slumped more than 10 per cent in gray-market trading on Monday, one day ahead of its Hong Kong Stock Exchange debut.The company raised $1.7 billion at HK$48.56 a share, valuing it at about $26.5 billion, according to sources who declined to be i
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Fast-fashion retailer Shein shares fall at least 10% in pre-debut trading
HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein dropped more than 10 per cent in gray-market trading on Monday ahead of its Hong Kong Stock Exchange debut on Tuesday. The company raised $1.7 billion at HK$48.56 a share, valuing the company at about $26.5 billion, sources told Reuters. Shein’
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Commentary: Shein’s IPO has only one winner
Shein spent years recasting itself as a global company, only to discover that its greatest strength remains unmistakably Chinese, says Juliana Liu for Bloomberg Opinion.
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Fast fashion giant Shein valued at up to US$27 billion in Hong Kong IPO
HONG KONG: Online fast-fashion retailer Shein’s valuation has dropped by around 70 per cent from a near US$100 billion private market peak four years ago, as it aims to raise up to HK$13.86 billion (US$1.77 billion) in its Hong Kong IPO launched on Monday (Aug 24).Shein is selling 280 million shares between H
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Fast fashion giant Shein launches up to $1.8 billion Hong Kong IPO
HONG KONG, Aug 24 : Online fast-fashion retailer Shein launched book building for a Hong Kong initial public offering on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion), valuing it at up to $26.81 billion, according to an offering prospectus.Shein is selling 280 million shares for a minimum of
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Commentary: Fast fashion is about to get caught up in Hormuz
The ripples from a petroleum shock have been quietly spreading into the apparel trade, says David Fickling for Bloomberg Opinion.
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Can the EU stop SHEIN and Temu from dominating the e-market?
The EU is swamped with cheap parcels imported from Chinese e-commerce giants. Products from SHEIN, Temu and the like have been benefitting from a tax loophole that will soon be axed by the EU. #EuXl
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EU seizes 4,200 tonnes of illegal textile waste from Italy in Turkey
Inspectors discovered an additional 2,100 tonnes of textile waste stored in a warehouse linked to a Turkish recycling facility that was noncompliant with environmental laws. Meanwhile, France is urging EU countries to get tough on ultra-fast fashion. #EuropeNews
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