Shein IPO: What it could mean for the fashion industry
Last week, ulltra-fast fashion brand Shein confidentially filed for an IPO. The eleven year-old company is known for creating very low cost garments that it can produce quickly for its predominantly Gen Z customers. Today the company has a private-market valuation of $66 billion but is seeking a valuation as high as $90 billion during the IPO process. On this week’s episode of Most Innovative Companies, we spoke with Shein’s head of strategic communications Peter Pernot-Day to learn more
Senior Staff Writer Elizabeth Segran also came by to give us more context on the company’s controversies. Allegations against the company have included that it uses forced labor in the manufacturing of its clothes. Like other fast fashion companies, Shein has also been criticized for its clothing’s negative environmental impact.
Here are a few insights about the........
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