Consumer & Retail

Shein Seeks Capital Below $30 Billion as IPO Ambitions Reset Sharply Lower

The fast-fashion group is reportedly courting investors at a valuation less than a third of its 2023 peak, a stark repricing of cross-border e-commerce risk ahead of a long-delayed listing.

Shein is reportedly seeking new investors at a valuation below $30 billion ahead of its IPO — a dramatic markdown from prior private rounds. The reset reflects tariff exposure, regulatory scrutiny across multiple jurisdictions and investor fatigue with pre-IPO growth stories, and sets an unwelcome benchmark for the broader consumer listing pipeline.

Frasers Group reported as frontrunner in Harvey Nichols sale

Mike Ashley's Frasers Group has emerged as the leading bidder for luxury department store chain Harvey Nichols, according to a press report.

Contact Energy posts 31% EBITDAF gain as renewable projects come online

New Zealand generator-retailer Contact Energy reported a 31% increase in EBITDAF for the year, crediting its shift toward renewable generation.

Seattle moves on first-of-its-kind ban on grocery 'surveillance pricing'

Seattle's mayor is advancing a proposal that would bar grocery retailers from setting prices using individual consumer data, a measure described as the first of its kind in the United States.