A few days ago it was just a rumour but now Shein's mega-fundraising round seems to be reality and it makes the growing Chinese fast-fashion e-tailer bigger than the previous top two fashion retailers globally.
Chinese fashion retailer Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, sources said.
The American fashion retailer announced on Monday that it has acquired New York and Tel Aviv-based AI start-up CB4, as it seeks to transform its retail operations with the use of AI and machine learning.
The digital-first beauty brand announced on Wednesday that it has raised $80 million in a Series E funding round led by Lone Pine Capital, an injection of capital that brings the company’s valuation up to $1.8 billion.
A moment of restrained escapism at AMI, with founder designer Alexandre Mattiussi creating a collection for a world finally emerging from Covid tentatively. Nothing tentative, however, about the brand's explosive growth.