Report: Shein Executive Chairman to Step Down as IPO Nears Completion
sourab26 Donald Tang, who has acted as the Western proxy of secretive Shein founder Sky Xu, will transition to a senior adviser role. Source link
stock-markets
Shein Scheduled for IPO Hearing on Thursday, Sources Say
Fast-fashion retailer Shein is scheduled for a Hong Kong initial public offering hearing with the city’s stock exchange on Thursday, two sources with knowledge of the matter said, a step…
Shein Gets Approval for Hong Kong IPO
The e-commerce giant has received approval from a Chinese regulator to move ahead with its planned initial public offering in Hong Kong, capping a yearslong effort. Source link
Nike Edges Past Quarterly Revenue Estimates
The sportswear company reported fourth-quarter revenue of $10.97 billion, compared with analysts’ average estimate of $10.86 billion. Source link
Reformation Files for IPO, Touting 20 Straight Quarters of Double-Digit Growth
The Los Angeles-based womenswear brand Reformation is seeking an initial public offering on the New York Stock Exchange, the company announced, becoming one of the few fashion brands to Please…
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger. Source link
Report: Reformation Eyes IPO This Summer
The womenswear label may file for an initial public offering as soon as next week, on track to go public in July, The Wall Street Journal reported. Source link
Gap Shares Plummet After Retailer Lowers Sales Outlook
The company’s turnaround has been uneven, with Gap’s namesake brand having made the most progress while its athleisure chain Athleta continues to struggle. Source link
Under Armour Sees Another Weak Year as North America Struggles, Shares Slump
Founder Kevin Plank, who returned as CEO in 2024, outlined a plan that involved reducing about a fourth of the company’s product lines and shifting to higher-priced items in sports…
Allbirds Sinks as 582% AI Surge Comes to Screeching Halt
Shares of the firm, which announced plans to rebrand itself as NewBird AI, sank as much as 31 percent on Thursday. Source link