The authorization of the Financial Behavior Authority will allow you to advance in London’s finances. The brand has a presence in more than 150 countries.
Sheinthe giant of the fast fashion onlinereceived authorization from the Financial Behavior Authority (FCA) of the United Kingdom To advance with your Initial Public Offer (OPI) in the London bag. This means a great advance for the brand of Online clothing sale whose origin is Chinese.
With presence in more than 150 countriesShein was consolidated as one of the main retailers in the sector, offering garments at affordable prices, such as dresses for US $ 10 or jeans for US $12. In its last financing round, carried out in 2023the company reached an assessment of US $6,000 million.
Your business model was always characterized by offering broad product range at affordable priceswhich has been key in its exponential growth.
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What is missing to finish the process
Despite the British approval, The process is not yet complete. The company also needs the approval of the regulatory bodies of Chinabeing key the endorsement of the China Stock Regulatory Commission (CSRC)as detailed by the report.
According to the sources cited, Shein has already notified the CSRC About the support obtained by the FCA In recent weeks. However, a definitive response of the Chinese regulatory entity is still waiting for.
Shein’s origin
Founded in China, Shein began his career with the name “She Inside”focusing mainly on female fashion. Since then, the brand evolved significantly, adapting to the changing panorama of electronic commerce and extending to worldwide.
This success is largely due to your Focus on electronic commercewhich allowed him to reach an international audience without the limitations of a physical store.
Source: Ambito
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