Rolling coverage of the latest economic and financial news
Bloomberg is reporting that China’s fast fashion retailer Shein is under pressure to cut its valuation to about $30bn, ahead of a float on the London stock market.
Shein shareholders are apparently suggesting that an adjustment is needed to help get its potential initial public offering in the UK over the line.
“With the domestic economy slowing and geopolitical pressures escalating, the government is making it clear that it values and relies on the private sector to drive innovation and stimulate growth.”
Continue reading…Rolling coverage of the latest economic and financial newsUK firms mull biggest layoffs in a decade as business confidence slumpsBloomberg is reporting that China’s fast fashion retailer Shein is under pressure to cut its valuation to about $30bn, ahead of a float on the London stock market.Shein shareholders are apparently suggesting that an adjustment is needed to help get its potential initial public offering in the UK over the line.“With the domestic economy slowing and geopolitical pressures escalating, the government is making it clear that it values and relies on the private sector to drive innovation and stimulate growth.” Continue reading…