Report: Shein Gains UK Approval for London IPO, Awaits China Nod Shein, the Chinese e-commerce giant known for its trendy and affordable fashion offerings, has made a significant stride towards its goal of going public in London. The Financial Conduct Authority (FCA) has granted approval for Shein’s initial public offering (IPO) in the UK, paving […]
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China In a bold move aimed at leveling the playing field for American businesses, President Trump recently signed an order to close the trade loophole known as “de minimis.” This loophole has long been exploited by companies like Temu and Shein, allowing them to benefit […]
Yoox-Net-a-Porter’s Chief Executive to Step Down
Alison Loehnis Announces Departure from Yoox-Net-a-Porter: What’s Next for the Luxury E-Commerce Giant? In a surprising turn of events, Alison Loehnis, the long-serving Chief Executive Officer of Yoox-Net-a-Porter (YNAP), has revealed her decision to step down from her role. Loehnis, who has been an integral part of the company since 2007, will bid farewell to […]
Forever 21 to Close Stores in Bid to Mimic Online Rivals’ Model
Forever 21 Shifts Strategy: Closing Stores to Embrace Online Retail Trends The retail landscape is constantly evolving, with e-commerce giants setting the pace for the future of shopping. In a bid to stay competitive and mimic the success of online rivals, fast fashion retailer Forever 21 is making bold moves. According to Bloomberg, the brand […]
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando Diane von Furstenberg, the iconic American dress brand, has made a strategic move by inking a distribution deal with Zalando. This partnership marks a significant shift for the fashion house as it transitions from traditional wholesale models to exclusive regional distribution agreements as part of its […]
Mytheresa to Rename Parent Company After YNAP Acquisition
Mytheresa Renames Parent Company to LuxExperience Following YNAP Acquisition Mytheresa, the renowned German luxury e-tailer, is set to undergo a significant transformation in the wake of its acquisition of Yoox-Net-a-Porter (YNAP). The company has announced its decision to rebrand its holding company as LuxExperience once the deal is finalized. This strategic move not only marks […]
The BoF Podcast | The Great Luxury E-Commerce Reckoning
The BoF Podcast | The Great Luxury E-Commerce Reckoning The landscape of luxury e-commerce is undergoing a profound transformation, with industry leaders spearheading innovations to meet the evolving demands of consumers. Recently, at the prestigious BoF VOICES 2024 event, Mytheresa CEO Michael Kliger and Moda Operandi co-founder Lauren Santo Domingo took the stage with BoF […]
Shein Aims for London IPO by Mid-Year, Sources Say
Shein Aims for London IPO by Mid-Year, Sources Say Shein, the popular Chinese fast-fashion e-commerce platform, is reportedly setting its sights on launching an initial public offering (IPO) in London by mid-year. This ambitious move comes as the company seeks to expand its global presence and solidify its position in the competitive online retail market. […]
E-commerce in Europe: A Resilient Comeback Amid Intense Competition from Temu
As the winds of economic recovery blow across Europe, online shopping is showing promising signs of revitalization. According to a report from Ecommerce Europe, e-commerce turnover is projected to hit €958 billion this year, representing an 8% increase from 2023. This surge comes even as inflation has continued to challenge consumer spending power. The revival […]