- Reports are swirling that fast fashion giant Shein will go for a much lower valuation in a potential London listing.
- It is now thought to be targeting a $50 billion, almost a quarter less than that indicated by fundraising rounds in 2023.
Susannah Streeter, head of money and markets, Hargreaves Lansdown:
‘’Shein’s planned London listing was already mired in controversy and now it’s hit by fresh tariff turmoil, becoming ensnared in clampdowns on e-commerce giants. Trump’s tariff...