Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion BoF

Bazar, which launched last year, operates a marketplace where brands list items that aren’t in the condition to be restocked and sold at full price. It notably works with fast fashion sellers like Cider — a sector that heavily contributes to landfill waste. There’s also Revive, a software firm that launched in January, which helps brands like Michael Kors and Djerf Avenue refurbish returned items to resell on their own sites or through resellers like Poshmark and eBay. The perception among consumers is that they get more value from resale purchases. 60 percent say shopping secondhand apparel gives them the most value for money. In the non-luxury space, players such as ThredUp and Vinted broke even for the first time in 2023.

Shoppers are not eager to increase their fashion budgets, even as economic prospects and consumer sentiment improve in some regions. Over 80 percent of shoppers plan to spend the same or less on clothing, footwear and accessories in 2025. Over 40 percent of shoppers in the US, UK and Germany are spending less on clothing, footwear and accessories than they did a year ago. In the BoF-McKinsey State of Fashion 2025 Executive Survey, consumer confidence and appetite to spend was ranked by fashion executives as the top risk to growth. Wholesale has been an avenue for Fashionphile to enter international markets.

Company veteran Caliri is back in the driver’s seat as creative director of men’s, women’s and home collections. ‘What matters at Missoni is the materiality of texture, and this is where my path begins,’ the designer tells Angelo Flaccavento on the eve of his return to the runway. Kering’s flagship brand is expected to announce a new creative director ‘promptly.’ The sooner the better, writes Imran Amed. Shein, which was valued at $66 billion in a funding round in 2023 and as high as $100 billion in 2022, confidentially filed papers in June for a London IPO. Bloomberg reported in January last year that investors were trying to sell Shein shares in private market deals that valued the company at as low as $45 billion, reflecting dwindling enthusiasm.

Now, there are fewer viral trends, but themes tend to stay in the zeitgeist for a while. Elsewhere, ideas like “underconsumptioncore” and de-influencing have filtered into discussion. There’s been a boom in sales of basics over the past year, said Jacobs, as calling out a “core” or announcing adherence to a trend seems to be falling out of favour. You’re more likely to see a video on TikTok lamenting overconsumption than one gassing up the next of-the-moment aesthetic; in the US, credit card debt has reached record highs.

New CEO Elliot Hill said the brand was making progress repositioning itself; shares jumped on the news. Prada Group, led by rocket growth at little sister brand Miu Miu, reported nine-month revenues up 18 percent year-on-year in October. Still, investors are keeping an eye on deceleration at the main, more profitable Prada line. Miu Miu’s retail sales remained strong in the fourth quarter, rising 84 percent, while Prada grew by 4 percent.

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It’s the fund’s latest investment in a cult menswear label in recent years after it took a minority stake in New York-based streetwear label Aimé Leon Dore in 2022. It has also previously invested in luxury brand Gabriela Hearst, mystery-box start-up Heat and sneaker and streetwear retailer Stadium Goods. The luxury fashion house will release a line of colour cosmetics this autumn, with the renowned British makeup artist Pat McGrath as its creative director. The fast fashion giant is offering higher procurement prices and guaranteed orders as it races to mitigate the impact of US tariffs.

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It also needs to be able to buy brands in order to grow, Oliver Chen, an analyst at investment bank TD Cowen, said in a research note. Like most modern beauty conglomerates, Estée Lauder Companies was built by buying brands and adding licenses, and no amount of refreshing its legacy brands can really become a meaningful counterweight against the constant onslaught of newness. It also faces continued pressure, both from emerging indies and a slight softening of the US prestige beauty markets. Along with his brother Nahman, Istanbul-born entrepreneur Isak Andic founded fast fashion brand Mango in 1984 and turned it into a global force. Our VIP programme is molded to include bespoke offerings for the creme de la creme, providing access to superior customer service, greater bonus offers, exclusive events, and faster withdrawals, all customized for an unmatched gaming experience.

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Some of the new stores also focus on buying, where luxury shoppers can trade in secondhand pieces for cash. Others are traditional stores in high-foot traffic areas, though every location will serve both shoppers and sellers. But considering almost the entire community has lost their homes and businesses, this is nothing to celebrate,” wrote Favorite Daughter co-founder Sara Foster on Instagram. “We empower faster decision making … we can excel at brand desirability, consumer experience, innovation, quality and end to end execution. Extensive collection of Martin Margiela pieces set to go to auction in January. Kerry Taylor and Paris-based Maurice Auction will host a sale of over 300 pieces of clothing and other items from the period between 1988 to 1994, when the designer was first breaking out in fashion.

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For the BoF-McKinsey State of Fashion 2025, CEO Patrice Louvet spoke about how pricing and merchandising strategies have set up the company for success in uncertain times. As “value” can take on different meanings, brands will need to identify which value-seeking behaviours drive their customers and tailor their strategies accordingly. Shopper surveys, social listening and analysis of customer relationship management data can all be effective ways to identify what shoppers care about in terms of value. Some brands have recognised this growth opportunity and are developing their own resale capabilities. For example, Sandro’s resale programme drives customer loyalty by giving sellers either 70 percent of the resale value if they choose to be paid directly, or 100 percent of the resale value if they choose Sandro credit. Meanwhile, Shein launched its own online peer-to-peer resale platform, Shein Exchange, in Europe in summer 2024 after seeing success in the US.