Shein Sees Profit Drop as London IPO Plans Meet New Challenges
Shein, the internet fast-fashion behemoth, recorded its net profit slide by as much as 40% in 2024, posing a new challenge before its much-awaited listing on the London Stock Exchange. The net earnings of the company dropped to around $1 billion, sources familiar with the situation told the Financial Times. Even as the profit fell, […] More