Shein must pay €40 million fine for misleading business practices Asia Europe On July 3, the French Ministry of Economy fined ultra-fast fashion giant Shein 40 million euros for misleading business practices following an investigation by the General Direction for Competition Policy,…
Ahead of an I.P.O., Reliance is reorganising a luxury division to increase capitalisation Asia According to The Economic Times on June 25, Reliance Industries integrated the luxury subsidiary Reliance Brands (85 brands, including Burberry,…
Malaysia: discount retailer Eco-Shop valued at US$1.6 billion for I.P.O. Asia In Malaysia, discount retailer Eco-Shop is preparing to raise US$238.4 million ahead of an Initial Public Offering, scheduled for May 23, 2025. The Malaysian retailer (annual revenue at the end of May 2024 : US$510 million,…
Shein receives approval for its IPO on the London Stock Exchange Europe In the U.K., where Shein planned an I.P.O. on the London Stock Exchange in April 2025, the Singapore-based company finally received agreement from the U.K.…
Profit and market valuation slashed in half: will Shein postpone I.P.O.? Asia Shein may delay a London Stock Exchange I.P.O., initially planned for April 2025, to the second half of the year. According to the Financial Times on February 23,…
Malaysian discounter Eco-Shop wants to raise US$200 million for an IPO Africa, Middle East On January 20, 2025, preparing for I.P.O. on the Malaysian Stock Exchange by June 2025, Malaysia’s largest discount retailer by sales Eco-Shop (annual revenue of US$510 million to the end of May 2024,…
Free Delivery Hero prepares Talabat’s I.P.O. for Dubai Stock Exchange Africa, Middle East German delivery giant Delivery Hero (GMV of US$51.2 billion in 2023, up by 5.7% in 70 countries) is aiming for US$1.5 billion when Talabat,…
Klarna files I.P.O. document with Wall Street Americas The I.P.O. of Sweden’s Klarna is taking shape. On November 12, the Swedish BNPL company announced that it had “confidentially” filed a first version of a registration document with the SEC,…
Free With US$1.72 billion, Lulu signs the biggest I.P.O. of the year in the Gulf Africa, Middle East U.A.E.-based Lulu Retail Holding (2023 sales of US$7.3 billion via 260 supermarkets and 24 malls) raised US$1.72 billion in an initial public offering on the Abu Dhabi Stock Exchange (ADX) on November 6,…
