Spanish fast-fashion giant and global retailer
Shein has launched a Hong Kong IPO seeking HK$13.86bn by selling 280m shares at HK$47.60–HK$49.50 each, valuing the company at about $27bn at the top of the range. The fast-fashion retailer has seen its private-market value fall about 70% from its near-$100bn peak and says proceeds will fund technology and international expansion.
Shein's Hong Kong listing is priced lower than hoped, valuing the company around $26.3 billion. Trading began shakily, with early losses narrowing as markets digest regulatory twists, tax changes, and weak consumer sentiment that have weighed on the fast-fashion group after a rapid ascent.
Inditex’s Lefties opens its first UK store in Liverpool, featuring robotics to sort clothes and a new online-first proposition. The move, part of a broader UK expansion, targets a budget-conscious segment and faces competition from Primark, Shein and others. The retailer plans more UK outlets based on early performance.