After months of speculation, Shein has confirmed it will float its shares on the London Stock Exchange as soon as next month. It was initially reported that Shein was in talks with London Stock Exchange bosses at the end of last year. The retailer, which sells dresses for as little as £5, will place its £71 billion listing on FTSE 100. Support for a blockbuster listing came from Chancellor Jeremy Hunt and Labour's Shadow Business Secretary Johnny Reynolds, following a visit from Shein's Chairman Donald Tang to the UK last month. The China-founded company originally indicated a preference for a ..read more

Harvey Nichols owner Sir Dickson Poon has committed to lend another £32.5 million to the business, in an effort to move it away from financial difficulty. Accounts filed at Companies House last week reveal that the businessman lent the department store £25.5 million, and had committed to pay a further £7 million after its year-end last April. Poon, who has owned Harvey Nichols since 1991, has now lent a total of £106 million to the retailer, which now has no external debt. A company spokeswoman told The Times that Poon believes it is best for Harvey Nichols to be financed by himself. "This is ..read more

British menswear retailer Moss, previously known as Moss Bros., is opening a new 1,948 sq ft store at Gloucester Quays outlet shopping centre on 4 May 2024, following hot on the heels of its store opening at St James Quarter in Edinburgh last month. In 2023, the retailer opened 10 stores under the Moss rebrand, including a flagship store at Manchester’s Arndale Centre, and either new, returning, or rebranded stores in East London, Canterbury and Cheltenham. The new Gloucester Quays location takes the brand's retail portfolio to 110 stores in the UK. As well as carrying Moss’s SS24 collect ..read more

N Brown Group, the owner of Simply Be and JD Williams, has announced that its Chair Ron McMillan has retired from its board after 11 years at the helm. McMillan, who is set to exit 30 April, will be replaced by group Chief Executive Steve Johnson on an interim basis until a permanent Chair is appointed. Steve Johnson said: "Ron has made a significant contribution as chair and has played a critical role in the transformation of this company. On behalf of the board, I would like to thank Ron for his dedication to N Brown. The company has commenced a search for McMillan’s replacement. N Brown als ..read more

London-based luxury travel goods brand Carl Friedrik has closed its first round of investment, raising £1 million through a customer-led angel round. Inspired by the crowdfunding model, the brand invited its customers to be part of its growth while maintaining the structure of an angel investment round. The group of investors comprises a network of senior professionals from around the world. With the capital, Carl Friedrik plans to invest in design and development, manufacturing and new distribution channels, including venturing into own retail. It is currently stocked by H ..read more

Here are some of this week’s news and features highlights handpicked by TheIndustry.fashion team.  Why Superdry and other big fashion names are quitting the stock market Superdry is among a swathe of fashion brands to have either exited or are looking to exit the Stock Market. In this feature, its co-founder and CEO Julian Dunkerton tells us why he believes he is better off taking the brand private to execute his turnaround plan. It's hard to argue with his reasons. Dunkerton is an entrepreneur and an expert in product and retail. I imagine right now he's spending all of his time dealing ..read more

Parisian luxury footwear, accessories and jewellery brand Roger Vivier has launched the first episode of ‘Travelling Icons’, a series of short films set aboard the ‘Vivier Express’ steam train and starring American Academy Award winning actress Laura Dern. Stylishly shot by Creative Director Gherardo Felloni, Dern is joined in a first class carriage by a handsome young man (supporting actor Miles Frank), who appears captivated by her beauty.  There is tension in the air as their gazes meet and her ‘I Love Vivier’ pumps almost graze his buckled loafers. She poses, staring wistfully out the win ..read more

Superdry's rescue bid, which will impose sizeable rent cuts to landlords, has led the owner of its flagship Oxford Street store to prepare lawyers to block proposals. M&G, the London-listed asset manager, has enlisted lawyers from Hogan Lovells to scrutinise a restructuring plan, according to Sky News. This move by M&G, which owns the fashion retailer's 32,000-square-foot Oxford Street store, will not necessarily result in a formal legal challenge however it is a possibility. Other Superdry landlords, including Landsec, are also understood to be monitoring the situation. Earlier t ..read more

Former Matchesfashion boss Nick Beighton has said that Frasers putting the business into administration was "unnecessary", as administrators at Teneo confirm that they are currently considering 11 offers. Beighton, who left the company last month, said he believed there was a chance to turn around the e-commerce marketplace before "Frasers did what Frasers did", placing the company into administration. He added: "It’s their choice as shareholders, but it wasn’t necessary, in my opinion." It comes as restructuring firm Teneo said it had received 11 offers for parts of the business and is n ..read more

Consumer confidence increased two points to -19 in April, according to GfK’s long-running Consumer Confidence Index, reflecting the impact on household budgets of lower inflation and talk of further tax cuts. Four measures were up in comparison to last month’s announcement, including 'personal finances', 'general economic situation', 'major purchase index' and 'savings index'. Joe Staton, Client Strategy Director GfK, said: "Headline confidence edged forward in April 2024 to -19. There was a welcome repeat of the March +2 score for how consumers feel about their personal finances in the next 1 ..read more