Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion BoF

President Donald Trump pointed to South Korea as a country with more unfair tariffs against American products than China, while slamming the handing out of subsidies for foreign chipmakers like Samsung Electronics Co. The Spanish company extended its partnership with the eponymous founder of Charlotte Tilbury, who will retain a minority stake in the brand until 2031. At the same time, this year Shein has faced growing competition from other ascendent ultra-cheap product purveyors — most notably, Temu. Temu’s rise, accented by its “shop like a billionaire” themed-Super Bowl ads in February, has been pervasive, though not without its own problems.

“What we know we are looking for is a ban in consumer products,” EU Environment Commissioner Jessika Roswall told Reuters in an interview. “‘Clue is telling this story from the Midwest that is often overlooked by French perfumery or marketing departments out of New York, or influencers out of LA,” said Sinks. According to investigators in Milan, factories producing for the brands were operating illegally and exploiting workers. Dior and Armani have said the allegations don’t reflect their commitment to ethical practices, but prosecutors say the issues uncovered by the probe are systemic and entrenched. Around a dozen more brands could still be implicated, with further cases expected in the coming months.

The Niche Fragrance Brands Set to Break Through in 2025

Late last year, The RealReal announced new stores in Houston and Miami, bringing its total number of stores to 15. Rebag, which has a similar business model to Fashionphile and four stores of its own, opened shop-in-shops inside five Bloomgindale’s locations in August. Last week, Rebag also partnered with Walmart to help expand the big box retailer’s offering of pre-owned luxury products via its online marketplace. Even peer-to-peer eBay-competitor Mercari ventured into brick and mortar with a storefront in Los Angeles. Consumers are increasingly purchasing fashion items across a variety of channels, making it difficult for brands to provide multiple options for size and colour across a growing number of touchpoints, especially if not operating a single stock pool.

De La Faverie said the plan would also see its business expand its presence in what he called “consumer-preferred, high-growth channels,” like e-commerce, specialty retail, European pharmacies and travel retail in the Western countries. But in all those channels — especially Sephora and Ulta Beauty — its brands will be jostling for share of wallet with some of those more agile indie brands, as well as buzzy brands with celebrity founders like Hailey Bieber’s Rhode and Selena Gomez’s Rare Beauty. The company can both create and deploy plans around internal restructuring, changes to its procurement strategy and overall fat-trimming with relative ease. But fixing its core issues, and rebuilding desire and demand for its key brands — which include its namesake line, Clinique, La Mer, MAC Cosmetics — in its top markets, the US and China, will be more difficult. LVMH’s premium partnership made the most headlines — and the cut for the opening ceremony. Christian Dior provided the costumes for Lady Gaga, Aya Nakamura and Celine Dion’s live, televised performances along the Seine and under the Eiffel Tower; while Louis Vuitton trunks were the centrepiece of a dance across the Pont Neuf.

By 2025, secondhand sales will account for 10 percent of the global apparel market, and the segment is expected to grow at a 12 percent compound annual growth rate to reach $350 billion by 2028. An “inflation overhang,” the idea that customers take time to adjust to higher prices, is not the only dynamic at https://openwatermovie.co.uk play. Even customers with growing discretionary spend are prioritising experiences and travel over fashion. In the third quarter of 2024, the top category that US and European customers splurged on was eating out, followed by travel and buying groceries.

The State of Fashion 2025: Challenges at Every Turn

Canada’s export-driven beauty startup scene is responding to the threat of tariffs with a newfound product patriotism. Sign up to The Business of Beauty newsletter, your complimentary, must-read source for the day’s most important beauty and wellness news and analysis. Coast is comfortable, affordable and has a range of features that will benefit employee well-being and productivity.

Those talks ended in July, with Macy’s board unanimously voting to terminate discussions with the two parties. But it was only a few months before hedge fund Barington Capital and real estate private equity Thor Equities emerged in December, calling for the retailer to cut costs and create an entity to monetise its real estate assets. The Business of Fashion is recognised as a website providing daily updates on fashion for fashion creators, executives and entrepreneurs.

Reselling returned apparel is a major opportunity to turn a loss-maker (that could end up in a landfill) into a money-maker. Returns usually come back with minor wear and tear — ranging from a slightly snagged thread to armpit stains or even the lingering scents of the people who may have worn the garments. What’s more, warehouse workers are usually trained to pick, pack and ship out orders, not survey dresses and pants for visible signs of wear and determine how they can be resold. At 26 percent, apparel, footwear and accessories face a higher return rate than any other category, according to the return management platform Loop Returns. That number is only likely to increase — in 2023, 18 percent of all online orders in the US were returned, up from 17 percent in 2022, according to the National Retail Federation. Convince consumers of the defined value proposition through effective brand communication.