This Weeks News
Week 15 - 2025
Shein obtains UK approval for London IPO
After months of anticipation, ultra-fast-fashion retailer Shein has secured approval from the UK’s Financial Conduct Authority (FCA) for its London IPO. The information was disclosed by Reuters. (Source)
Prada braves tariff uncertainty to clinch $1.4 billion deal for Versace
Fashion’s biggest markets fight back against US in trade war
China and the European Union — both key markets for fashion — are fighting back against the Trump administration’s tariffs blitz. (Source)
Next CEO takes home £4.7m pay packet as profits top £1bn
Next chief executive Lord Wolfson took home nearly £5m in pay this year as the retail giant’s profits topped £1bn for the first time.
The chief executive took home an annual salary of £1.16m and £3.56m in bonus payments, including an annual bonus of £1.02m. He received £2.55m from the retail giant’s long term incentive plan. (Source)
Navigating tariffs: a survival guide for UK retailers
A week on from President Trump’s “liberation day”, Ben Cooke, partner at international law firm Addleshaw Goddard, breaks down the impact of new US tariffs on UK and EU goods, exports, supply chains and US customer demand, and sets out actions for retailers to take. (Source)