Fast-fashion giant Shein has finally said that yes, it is planning a stock exchange listing and while it didn’t specifically say it would be in London, it hasn’t ruled it out.
Bloomberg
Shein’s listing ambitions have long been talked about and its original focus was New York. However, the welcome for a Chinese-linked company there was unlikely to be an enthusiastic one and the rumours since then have said London was the next-most-likely option, helped by the fact that the UK is one of the business’s top five markets.
Donald Tang, executive chairman of the now-Singapore-headquartered-but-Chinese-founded company told The Times in an interview conducted in London that a listing will happen.
And while there has been some opposition from UK groups concerned about everything from its labour practices, to its fast-fashion profile and its secretive nature, Tang doesn’t appear to be afraid of the spotlight that a listing will shine on it.
He said Shein wants to list in order “to embrace the … accountability and transparency of being a public company”.
He added that the business is “democratising” global fashion, that it complies with laws in local markets and creates less waste than its rivals do because of the low inventory levels that it holds. He also cited research that shows its customers don’t view its products throwaway items to be worn just a few times.
Tang said he “admired” UK regulators for “a clear sense of separation between politics and regulation” and he also minimised concerns about Donald Trump’s plan to close the loophole whereby low-priced important into the US are tariff-free.
He said he himself has advocated reform to create a “level playing field” and insisted that Shein’s success is because “we have a superior business model. We are about customers. We’re not about customs policy”.
The now 13-year-old company is believed to have filed paperwork for a potential London listing last summer, although the executive chairman didn’t confirm this and hasn’t mentioned any timing for a likely listing, nor the monetary value it would have.
But the company is already a member of the CBI, the major UK business organisation. That membership came, he told The Times, because “we want to be a globalised company. In London, we want to be a British company. We want to be a British local company … we’re registered here, we’re paying taxes here, we want to be part of a community.”
Luxury fashion powerhouse Prada is making bold moves. CEO Andrea Guerra has reportedly flown to New York, a source told Reuters, as the group engages in talks to acquire Versace from Capri Holdings—a deal that could bring together two of Italy’s most iconic fashion names.
A source revealed that on his visit to the U.S. financial hub, Prada CEO Andrea Guerra is joined by Lorenzo Bertelli, the son of the group’s key shareholders, Miuccia Prada and Patrizio Bertelli, who also serves as chief marketing officer.
Meanwhile, Capri Holdings, based in New York, announced on Thursday that Donatella Versace is stepping down as the brand’s main designer after nearly three decades.
Starting April 1, Dario Vitale, a designer from Miu Miu, a smaller brand within the Prada Group, will step into Donatella Versace’s role as chief creative officer of the Medusa-head brand. According to Morningstar analysts, this strategic move could pave the way for a potential Prada-Versace acquisition.
Prada declined to comment, and Reuters could not confirm whether Guerra’s trip was directly linked to discussions with Capri Holdings regarding a possible Versace deal.
Earlier this month, reports surfaced that Prada was nearing a €1.5 billion ($1.64 billion) agreement to acquire Versace. On February 20, a source told Reuters that Prada had been granted four weeks to review the financials of its smaller rival.
Beyond Versace, Prada is also rumored to be eyeing Jimmy Choo, another Capri Holdings brand, further signaling its ambitious expansion plans.
British sportswear brand Umbro heads back to its Northern roots for the release of its collection and campaign for Spring/Summer 2025.
The new ‘Northern Quarter’ collection and supporting promo gains inspiration from “the authenticity and creativity of the brand’s home city Manchester, with the line “bringing Umbro’s sports heritage up to date with a casual street-savvy swagger”.
Umbro says it continues to shape the global landscape of sportswear, “defining style both on and off the pitch”.
Recent partnerships, including with Palace, Supreme, and Aries, “have helped cement Umbro’s pioneering reputation within the sports fashion space”, it said.
So this season, the brand refocuses on the place where it all started, “acknowledging its roots and archive, while incorporating a renewed and forward-thinking design code inspired by Manchester’s relentlessly vibrant and creative Northern Quarter”.
The football heritage-inspired collection “reinterprets archive classics through a contemporary lens”.
Key hero pieces include the Zip-Off Sleeve Wind Jacket (£90), which takes inspiration from the track jacket Umbro produced for the England team in 1998; the Washed Drill Top (£67) and Washed Diamond Drill Sweat (£80), which directly reference the drill tops of the 1990s “embraced by players and fans alike”. They come reimagined in washed cotton with additional details including integrated pockets,
The campaign supporting the collection launch was shot by Jay Johnson and spotlights Northern Quarter’s new generation including Jefe, a socially conscious barber and former basketball player; street artist Tomas Gittins; and ‘Gone Fishing’ vintage store owner Seb Dixon.
“Each embodies the creative, entrepreneurial, and inclusive spirit of Manchester’s Northern Quarter”, notes Umbro.
The just-launched collection is available at umbro.co.uk as well as selected stockists including END, Size, Urban Outfitters and ASOS.
Fashion brand Hera has gone big with its latest collaborative partner… global soft drinks brand Pepsi. The partnership, entitled ‘Here for More,’ is a “bold celebration of both brands’ shared ambition to encourage people to be present, put enjoyment first, and strive to get more out of life”, we’re told.
As part of the collaboration comes a four-piece unisex limited-edition collection featuring hoodie and T-shirt designs, each embodying the essence of ‘Here for More.’
Each piece carries the motivational message: ‘Here for More. It all starts with your mindset. The pursuit of more’.
Designed in tonal colourways (black, grey marl, and off-white with touches of electric blue) they reflect Pepsi’s branding and Hera’s signature oversized look.
The accompanying “dynamic interactive” campaign includes exclusive interactive PR boxes, a series of pop-up events, and a visual fashion campaign that reflects Pepsi’s legacy and Hera’s bold identity.
The interactive PR boxes contain a locked ‘safe’ box containing the limited-edition hoodie, “encouraging the receiver to share their ‘Here for More’ mantra – a statement or quote that embodies a ‘More’ mindset – via social media to unlock the exclusive gift”.
The collection is being “secretly” dropped in four cities (London, Birmingham, Manchester and Glasgow) between 20-23 March and consumers will be able to try and win the exclusive pieces from special co-endorsed vending machines.
The collaboration is described as “an organic extension of Hera’s mission: to empower individuals through fashion that speaks to ambition, confidence, and an elevated lifestyle. The ‘Here for More’ collection is also inspired by Pepsi’s ‘Thirsty for More’ purpose – to champion those who challenge convention in the pursuit of enjoyment – while embracing Hera’s distinctive style”.
Available online at heraclothing.com from 17 March, the unisex collection is priced £88 for the hoodie and £58 for the T-shirt.