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How Boohoo plans to get back to growth – with help from Debenhams
Fast fashion retailers continue to grapple with the ongoing cost-of-living crisis and its effect on consumers as well as a resurgence of physical retail with shoppers heading back to physical stores....
View ArticleBoohoo boss takes home £650,000 bonus despite making almost £91m loss
// Boohoo chief exec John Lyttle took home £1.35m in the year to February despite the business diving into a £90m loss in its full-year results // Owner Mahmud Kamani also enjoyed an annual bonus worth...
View ArticleZara owner Inditex unveils ‘extremely ambitious’ sustainability targets
Zara owner Inditex has laid out ambitious sustainability goals at its AGM, including a pledge to reduce its emissions by more than 50% by 2030, as it looks to reach net zero by 2040. The fashion giant...
View ArticleShein faces US lawsuit over copying independent designers
Shein has been met with a new lawsuit after independent designers accused it of infringement-related racketeering activities. The suit also said the company used a “confusing corporate structure” which...
View ArticleShein accused of bullying suppliers into not working with Temu
Temu filed a lawsuit against rival Shein, accusing it of bullying suppliers into not working with the online marketplace. The fast fashion retailer was accused of breaking US antitrust laws by coercing...
View ArticleH&M sues fashion rival Shein over copyright infringement
H&M has filed a lawsuit against Shein for copyright infringement, according to court documents filed in Hong Kong. The Swedish fashion giant is seeking unspecified damages and an injunction to stop...
View ArticleBoohoo under fire in BBC undercover sting for breaking promises on ethical...
Promises made by Boohoo to produce its clothes fairly and ethically at its new Thurmaston Lane plant in Leicester have been broken, according to BBC’s Panorama. An undercover reporter at the fast...
View ArticleShein targets $90bn valuation as it files for US IPO
Shein is understood to be preparing for a stock market float in the US. The Chinese fast fashion giant has filed “confidential paperwork” paperwork with the US securities regulator according to two...
View ArticleShein US IPO faces delays due to Chinese regulator application
Shein is seeking approval from a Chinese regulator to go public in America. The online fast fashion giant based in Singapore filed with the regulator back in November to comply with new listing rules...
View ArticleBoohoo denies it broke ethical promises after Panorama exposé
Boohoo boss John Lyttle has denied accusations the retailer went back on its promises to produce its clothes fairly and ethically following an investigation by BBC’s Panorama. In a now published letter...
View ArticleBoohoo takes a hit as lenders refuse repayment extension on £75m
Boohoo has been landed a blow as some of its lenders have rejected its attempts to extend the repayment deadline on its £325m debt. While the online fashion retailer has been able to push the deadline...
View ArticlePrimark mulls click-and-collect trial expansion
Primark is looking to expand its click-and-collect trial across further stores, with the possibility of launching the service to markets outside Britain, its CEO has confirmed. The fast fashion chain...
View ArticleShein to make London IPO decision as early as next week
Shein could make its decision on whether it launches its blockbuster IPO on the London Stock Exchange as soon as next week. City sources said the fast fashion giant is close to deciding if it places...
View ArticleShein profits double ahead of planned IPO
Shein profits have more than doubled to over $2bn (£1.6bn) as the fast fashion giant awaits approval for a stock market listing in either New York or London. The Chinese business posted sales of around...
View ArticleDr Martens files lawsuit against Temu over alleged trademark infringement
Dr Martens is suing the rapidly-growing Chinese marketplace Temu, accusing them of trademark infringement. The British footwear retailer alleges that Temu engaged in paid advertising with Google to...
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