US EditionShein drops UK communications firms as Trump tariffs throw London IPO off course
- In April, Shein chose not to renew its agreements with two UK-based PR agencies that had been assisting with its planned initial public offering in London.
- This decision followed US President Trump's introduction of a 145% tariff on Chinese imports and the removal of a $800 de minimis tax exemption.
- The tariffs raised Shein’s US prices, increased operating costs, and contributed to UK investors criticizing its IPO as a “race to the bottom.”
- Shein had secured preliminary FCA approval for the IPO before these trade measures but still awaits China's regulatory clearance to proceed.
- As a result, Shein has paused its London IPO plans, delaying the float likely until at least late 2025 amid mounting geopolitical and market pressures.
12 Articles
12 Articles
Shein drops UK communications firms as Trump tariffs throw London IPO off course
Online fast-fashion retailer Shein has dropped Brunswick and FGS, two communications firms that were supporting its push for a London initial public offering (IPO), a source familiar with the matter confirmed on Friday, in the latest sign the flotation is not going to plan.
SHEIN pauses IPO following US tariff war
In response to pressure from Donald Trump’s tariff war, SHEIN has severed ties with two corporate communications agencies in the UK who were brought in to support its London IPO. The Times reports that the fast fashion behemoth has not extended its agreements with Brunswick and FGS Global. Both companies have resigned, despite the fact […] The post SHEIN pauses IPO following US tariff war appeared first on Apparel Resources.
Shein’s London IPO Stalled Amid US Tariff Fallout
Shein Group Ltd.’s initial public offering plan has slowed to a crawl as the retailer assesses the impact of US tariffs on its business and awaits regulatory approvals, according to people familiar with the matter. Enthusiasm for what could be London’s biggest IPO in years has been dwindling, with Shein’s valuation target sinking and shareholders trying to sell stock at steep discounts in private market deals. In 2023, Shein was targeting an IPO…
Coverage Details
Bias Distribution
- 80% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
