News Snapshot:
Fast-fashion brand Shein is once again seeking a public offering in the U.S. — this time hoping to go public as soon as 2024. Shein has faced working condition and environmental controversies, but was valued at $100 billion in April. The Chinese brand previously sought a U.S. IPO in 2022, but faced obstacles concerning environmental, social, and governance (ESG) issues, according to CNBC . Founded in 2008, Shein has made its name by selling inexpensive clothes using an on-demand model ; it only mass produces styles that become hits, and adds thousands of items to the site daily. The system...
