Shein profits double to more than $2bn ahead of planned listing

March 31, 2024

Shein Group headquarters in Singapore: Its IPO is seen as a bellwether of Beijing’s attitude towards companies founded in China but reincorporated overseas to avoid geopolitical tension. Photograph: Ore Huiying/Bloomberg

Online fast-fashion giant Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with its blockbuster listing in New York or London.…

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