The Web3 product certification platform has raised €20 million from Tiger Global, Commerce Ventures, the Motier Ventures fund owned by the Moulin-Houzé family of Galeries Lafayette, and the former CEO of Jimmy Choo.
Speculation around Missguided’s future is building and a number of big-name retailers and private equity giants are understood to be circling the troubled firm with some expected to made bids this month.
A few days ago it was just a rumour but now Shein's mega-fundraising round seems to be reality and it makes the growing Chinese fast-fashion e-tailer bigger than the previous top two fashion retailers globally.
H&M’s Swedish and German e-shops are trialling the sale of third-party brands, among them Lee, Wrangler, Fila, Superdry, Crocs and Eastpak. A full-scale test for a group that generates a third of its revenue online.
China's Shein is aggressively expanding its Singapore office after making a Singapore firm its de facto holding company, according to sources and an analysis of filings by the online fast-fashion retailer.
Chinese fashion retailer Shein is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, sources said.