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Shein, originally named ZZKKO, was founded in China in 2008 by entrepreneur and search engine optimization (SEO) marketing specialist Chris Xu (Xu Yangtian). [12] [6] [13] Information on Xu's educational and career background remains elusive as of 2022, with sources conflicting on details of his biography.
Still privately-owned, it was valued at about £54bn ($66bn) in a fundraising round in 2023. ... there is no denying the majority of its products are made in China. And Shein's success has drawn ...
Urban Outfitters also decreased its exposure to China, with only 10% of its own brand production coming from the country by next year, CFO Francis Conforti said at the conference.
Chinese fast fashion brand Shein could have its wings clipped before it IPOs as France mulls 50% tariff and U.K. retailers call for closure of tax loophole Ryan Hogg March 5, 2024 at 7:06 AM
Uniqlo, a Japanese-owned brand, was founded in 1974 by Tadashi Yanai. [15] It is known for modern, casual apparel and essential, multi-functional garments. [16] Despite China's anti-Japanese sentiment, Uniqlo secured 1.4% of China's $350 billion apparel market in 2021, which was larger than any other brand that year. [17]
Tang was born in Shanghai, China, where his parents were college professors. At the age of 18, in 1982, he followed his girlfriend Jean to Los Angeles after she and her family immigrated to America. At the age of 18, in 1982, he followed his girlfriend Jean to Los Angeles after she and her family immigrated to America.
Pressed further on Shein’s supply chain and worker conditions, Ms. Zhu replied: “Obviously we comply with laws and regulations everywhere we do business in the role.
By Kane Wu and Julie Zhu (Reuters) - Shein, the Chinese online fashion retailer worth more than $60 billion that is under scrutiny from U.S. lawmakers over its labor practices, has registered with ...