Shein ‘considering London rather than New York IPO amid US scrutiny’

Fast-fashion company believes it unlikely that SEC will approve US flotation, according to report

The fast-fashion company Shein is reportedly considering a stock market flotation in London rather than New York because of potential problems with a listing in the US, its preferred location.

Shein, which was founded in China but is now based in Singapore, is in the early stages of exploring an initial public offering in London because it believes it is unlikely that the US Securities and Exchange Commission would approve its initial public offering (IPO), Bloomberg reported.

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Vogue China’s Margaret Zhang, youngest person appointed as an editor at magazine group, to step down

Australian Chinese former fashion blogger, whose appointment in 2021 was met with controversy, announces she is leaving the magazine

Three years after becoming the youngest person to hold an editor title at Vogue, Margaret Zhang is leaving her position as editorial director of Vogue China.

The Australian Chinese creative director announced her exit on Instagram on Monday, writing: “As we kick off a transformative Year of the Dragon, I’m excited to announce that I have decided to wrap up with Vogue and jump into the next chapter of my career.”

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‘Dressing up is back’: Tommy Hilfiger lauds luxury at New York fashion week

Designer returns for first show after two-year absence with new take on preppy and move away from streetwear

“Luxury is the word on the tip of everyone’s tongue. Everyone knows what luxury looks like now, and everyone wants it. But luxury is unreachable for most people. If I can sell an affordable version of luxury, that’s a great position for our business.”

Tommy Hilfiger has returned to New York fashion week after a two-year absence, riding a wave of “quiet luxury” fashion and on a hunch that “dressing up is back. We are moving away from streetwear into a more polished look. It’s in the air – I can feel it,” he says.

Billed as “a New York moment”, the show was a coming of age for a brand that has long aligned itself with popular culture and youth, through close ties with hip-hop and sport. Invitations borrowing the typeface and layout of a New Yorker magazine cover summoned guests to a Friday night at the Oyster Bar at Grand Central Station, a Manhattan institution hosting the first catwalk show of its 110-year history.

Trays of martinis and old fashioneds made for a cocktail party atmosphere. At his office the morning after the show, Hilfiger recalled his pre-show jitters. “I was thinking, are they ever going to sit down? How are we going to start this show?”

Ralph Lauren is sitting out the season, Calvin Klein went dark as a catwalk name five years ago, and Marc Jacobs has taken to staging shows outside the fashion week timetable. This presents an opportunity for Hilfiger to claim a headlining spot in American fashion, in the city where he started his brand in 1985. He seized it with pedal-to-the-metal exuberance, ending the show with a beaming victory lap dressed in a varsity jacket and gleaming white trainers.

Hilfiger knows how to distill the American dream into a memorable image. Plenty of New York designers make nice clothes, but only Tommy Hilfiger throws the kind of party where the first sight on entry is guest Sylvester Stallone, being served french fries (in a canapé-sized silver cone) and ketchup.

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Uniqlo sues Shein over ‘imitation’ banana-shaped ‘it’ bag

Petition demands online retailer stop immediate sale of bags and compensation for damages incurred

Uniqlo is suing the Chinese online retailer Shein over the sale of items it claims copy its popular banana-shaped ‘it’ bag, the “round mini”.

The petition demands that Shein immediately stops the sale of “the imitation products” and pays compensation for damages incurred as a result of their sale. It was filed last month in the Tokyo district court against the fast-growing business’s parent groups Roadget and Fashion Choice, as well as Shein Japan.

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Burberry issues profit warning as Christmas shoppers shun pricey trenchcoats

British brand affected by continued slowdown in luxury demand during cost of living crisis

Burberry has warned that annual profits will be sharply lower than previously expected after consumers left its expensive trenchcoats, bags and scarves off their Christmas shopping lists.

The luxury British brand said trading had been affected by a continued slowdown in luxury demand after rises in the cost of living and increases to interest rates globally.

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Red-carpet fashion makes a bold comeback at Golden Globes

Outfits that shone at Sunday’s event were more traditionally beautiful than the meme-bait of yore

Hollywood, the place that announces itself with enormous letters on a hillside, is about nothing if not spectacle.

So after a months’ long actors’ strike, if the stars had not pulled up to the Golden Globes red carpet in some noteworthy looks, it would have been time for some sartorial soul-searching. But, thankfully, at the Beverly Hilton on Sunday night, red-carpet fashion re-entered the atmosphere with a bang, making a bold comeback after its period of hibernation.

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Pharrell Williams takes Louis Vuitton to Hong Kong for his second men’s show

Creative director targets east Asia’s luxury market as his preppy streetwear is given a tropical twist

For his first show as men’s creative director of Louis Vuitton in June, Pharrell Williams closed down the Pont Neuf in Paris, and counted mega-celebrities including Beyoncé and Jay-Z, and Rihanna and A$AP Rocky as guests.

His second effort took place in Hong Kong and focused on local stars in the front row. The actors Zhu Yilong and Chow Yun-fat were joined by three members of the Cantopop band Mirror and the rapper Tyson Yoshi. There was also a take on celestial stars, with a light show at the end rendering the Louis Vuitton monogram in twinkling lights across the city’s harbour.

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Gucci design staff strike in protest at plan to relocate to Milan

About 50 workers take part in action, claiming move from Rome would be tantamount to collective dismissal

About 50 Gucci employees in Italy have gone on strike in protest against plans to relocate a significant part of its design studio team from Rome to Milan in what they claim is a “mass redundancy in disguise”.

Gucci, which is owned by the French-based luxury goods group Kering, announced in October it would move 153 of its 219 design employees from the Italian capital to Milan, 380 miles away in Lombardy.

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Bangladesh garment workers fighting for pay face brutal violence and threats

Workers describe hands and arms being targeted in ‘merciless’ beatings as protests over low wages turn increasingly violent in Dhaka

When Masuma Akhtar arrived at the garment factory where she works on the outskirts of Dhaka on 31 October, she was expecting a normal shift. Instead, she was met with brute violence. “The moment I walked through the factory gates, a group of armed men began beating me with wooden sticks,” says Akhtar. “I fell down on to the ground. Even then they wouldn’t stop beating me.”

Akhtar, 22, is a seamstress at Dekko Knitwears in Mirpur, where she spends long days churning out clothes for western fashion brands, including Marks & Spencer, C&A and PVH Corp, which owns Tommy Hilfiger and Calvin Klein.

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Canadian fashion mogul Peter Nygard found guilty of sexual assault

Prosecutors had said the 82-year-old lured women to a private bedroom suite after inviting them on a tour of his headquarters

The former Canadian fashion mogul Peter Nygard has been found guilty on four counts of sexual assault after five women testified he used a private bedroom suite in his company headquarters to assault them.

The verdict by a Toronto jury came midday on Sunday after five days of deliberation.

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How M&S regained its place as UK’s top womenswear retailer

Four years after it fell out of the FTSE 100 the high street brand is again boasting strong sales

Fours years after it fell out of the FTSE 100, M&S has turned around its fortunes to become the UK’s best retailer for women’s wear.

In May, strong sales figures were driven not only by bog-standard basics such as underwear and T-shirts, but by more fashion-forward categories, too. Now, sales of women’s party wear are up 49%, and knitwear up 23% in October compared with last year.

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‘Hallelujah!’: enigmatic Phoebe Philo announces fashionably late return

Despite being nowhere to be seen over a month of fashion shows, designer was name on everyone’s lips

The most talked about designer of this season did not have a fashion show at all. She was nowhere to be seen over a month of shows in New York, London, Paris or Milan. Yet despite not having made a single coat, dress or shirt for six years, and never once posting on Instagram, Phoebe Philo was the name on everyone’s lips on every front row.

Finally, on the last weekend of Paris fashion week, Philo made a fashionably late entrance, announcing that she would make her long-awaited return on 30 October.

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Stella McCartney’s plans for remote Scottish home stir controversy

Local council receives more than 50 objections to scheme, many on environmental grounds

Plans for an “unashamedly contemporary” house for the fashion designer Stella McCartney in a remote Scottish coastal area have received dozens of objections on environmental grounds.

In a planning application, McCartney’s architects insist the glass-fronted home near Roshven on the west coast would enhance the landscape and “retain the wild nature of the site”.

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Birkenstock shares open below offer price in US stock market debut

Shoemaker lands on NYSE with $8.3bn valuation but analysts warn public debut comes amid difficult market conditions

Shares in Birkenstock have opened 11% below their offer price on the company’s US stock market debut, valuing the German shoemaker at $8.3bn as investors bet there was less mileage in consumer demand for its cork-soled sandals, which have become an unlikely fashion success story.

On Tuesday evening the footwear firm priced its shares at $46 ahead of the first day of trading in New York, where it is using the symbol “BIRK”. That figure was in the middle of the $44 to $49 guidance provided last week and valued the company at $8.6bn (£7bn).

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Birkenstock set to float on stock market with valuation of nearly $10bn

German sandal maker has come a long way from its founding in 1774 as a maker of orthopaedic shoes to going public on the NY stock exchange

Birkenstock, the resurgent German sandal maker once beloved by healthcare workers, is set to be valued at up to €9.2bn ($9.7bn) when it floats on the stock market this month.

Around 32.2 million ordinary shares will be put on the New York Stock Exchange in an initial public offering. On Monday, the company priced its shares at $44 to $49 each, which could see the company raise up to $1.58bn.

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Pakistan welcomes fast-fashion brand Boohoo despite poor staff safety claims

Call to set up role comes as report alleges retailer uses factories that violate minimum-wage requirements and workers’ rights

Pakistan’s caretaker prime minister, Anwaar-ul-Haq Kakar, has reportedly asked the British fast-fashion brand Boohoo to increase its presence in the country, despite claims that it has failed to tackle poor conditions at its suppliers’ factories there.

In a meeting with Kakar this week, Mahmud Kamani, chairman of Boohoo Group, expressed an interest in establishing long-term buying linkages with Pakistan, according to Radio Pakistan.

Kakar pointed out Pakistan’s pro-investment policies and facilities, and invited Boohoo to open franchises in the country, which is in economic turmoil, with a record inflation rate of 36.4%.

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Donatella Versace hits out at Italian government’s anti-gay policies

LGBTQ groups laud fashion designer for speech in which she said ‘minority voices’ were under attack

Gay rights groups in Italy have praised Donatella Versace for speaking out against the government’s anti-gay policies in a heartfelt and personal speech while receiving a fashion award.

“Our government is trying to take away people’s rights to live as they wish,” Versace said on Sunday night, citing in particular a government policy that allows only the biological parent in same-sex couples to be officially recognised as the parent. “They are restricting our freedoms,” she said.

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Giorgio Armani channels ‘countless light vibrations’ for Milan show

Designer revisits his lifelong interest in science, with iridescent silks and undulating 3D layers

Giorgio Armani may be the world’s most recognisable designer, but as the 89-year-old wrote in his autobiography, his childhood ambition was to be a physician.

While that particular goal eluded him, at his fashion show in Milan on Sunday afternoon he revisited his lifelong interest in science, citing his inspiration for his new collection as “vibrations”.

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Sainsbury’s launches bridal collection with £22 Tu wedding dress

The supermarket hopes its new range will see cash-conscious brides stepping from one aisle to another

Milk, bread, eggs … wedding dress? Brides-to-be can usually be found browsing in chic boutiques or stuffy department stores but now Sainsbury’s is hoping it can persuade them to hit the supermarket aisle instead as they go in pursuit of the perfect wedding dress.

This week its mass market fashion brand, Tu clothing, launched its first bridal collection.

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Burberry shows off killer trenchcoat and blue strawberries at London show

Prints symbolising British summertime appear on fashion week catwalk alongside modernised version of brand’s staple product

The scene before the biggest show of London fashion week was quintessentially British: an orderly queue for tea, coffee and eccles cake. Britishness, along with trenchcoats and checked scarves, is what Burberry stands for. This is surely the only catwalk show where Hollywood action hero Jason Statham, acclaimed choreographer Wayne MacGregor and Arsenal striker Bukayo Saka can be found rubbing shoulders in the front row.

The first look on to the catwalk was a trenchcoat. The trench is a Burberry staple – but this had a notably slimmer cut, an elegant dropped-waist silhouette, and was black rather than beige. There were more trenchcoats to follow: some sleeveless, some leather, all of them sleek and minimal.

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