Bank E-Commerce Hong Kong Investment IPO Manufacturing Retail Supply Chain Switzerland
Shein is planning to launch its initial public offering (IPO) in Hong Kong on September 1, slightly later than the previously targeted date of August 28, sources familiar with the matter revealed. The delay in the listing is attributed to slower growth and increasing costs that have subdued investor interest in Shein, once considered a disruptive force in the fashion retail industry. The online fast-fashion retailer, known for its efficient supply chain and competitive pricing, is facing challenges as it prepares to go public. UBS Group’s asset management arm is set to become one of the cornerstone investors in Shein’s…
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