Burberry’s chief executive has been fired and its dividend canceled after the latest of a string of profit warnings. The shares of the British luxury brand plunged after the announcement
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Lawyers say that Shein’s pursuit for a London listing placed the UK Financial Conduct Authority (FCA) under intense scrutiny. The regulator is weighing up its approval while trying to balance
Shein, an online fast fashion group planning to list in London, has launched a €200mn “circularity fund” that, according to its executive chair, will address fashion waste. This comes amid
Golden Goose, the “dirty trainers” brand that Taylor Swift loves, will postpone their planned listing, after the French snap elections caused turmoil in European stocks. The Italian brand owned by
Milan’s men’s fashion show is where the biggest Italian names come together. Prada is the one who decides which trouser style everyone will wear in a few years and Gucci
Shein will list in London in the next few months, as tensions between Washington DC and Beijing have slowed down plans to launch a major IPO in New York. Donald
Burberry’s profits fell by 40% over the past year due to a general slowdown in luxury goods demand that has affected sales in Asia, and Americas. In its preliminary results
The fast-fashion retailer Shein has accelerated its plans to float a record breaking in London. Reports claim that the Chinese-founded online retailer chose London as its listing location, after deciding
Donald Tang can recall exactly where he stood when he heard the first news about Shein. The former banker and his wife were dining in Hawaii at the beginning of
Frasers Group bought out parts of MatchesFashion from administration. The deal did not include the stock worth £80 million or the remaining 250 employees. The Sports Direct founder Mike Ashley’s
City analysts warn that Burberry faces a takeover after it lost a fifth of its worth since the beginning of the year. A profit warning by Burberry’s Paris-listed competitor Kering
Asos said it would take “necessary action” to turn around its fortunes, after the fast-fashion retailer’s losses in the first half widened. Sales also fell by almost a fifth. In
Two of the biggest retail groups in Europe have expressed interest in buying Ted Baker’s European retail business. Frasers Group led by Mike Ashley and Next led by Lord Wolfson,
Shein will consider London as a backup option for a massive flotation if US authorities block its preferred choice of a New York IPO due to its ties with China.
Burberry’s holiday advertising campaign featured images of dogs, ducks and a luxury blue leather handbag. It was placed next to an old knight’s glove. Daniel Lee, Burberry’s new creative director,
