Low-cost E-commerce Rivals Shein and Temu Shelve US Court Cases

A model presents a creation by Indonesian fashion brand Artkea Stripes x IKYK  during the Jakarta Fashion Week 2024 in Jakarta, Indonesia, 26 October 2023. The fashion event runs from 23 to 29 October 2023.  EPA/ADI WEDA
A model presents a creation by Indonesian fashion brand Artkea Stripes x IKYK during the Jakarta Fashion Week 2024 in Jakarta, Indonesia, 26 October 2023. The fashion event runs from 23 to 29 October 2023. EPA/ADI WEDA
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Low-cost E-commerce Rivals Shein and Temu Shelve US Court Cases

A model presents a creation by Indonesian fashion brand Artkea Stripes x IKYK  during the Jakarta Fashion Week 2024 in Jakarta, Indonesia, 26 October 2023. The fashion event runs from 23 to 29 October 2023.  EPA/ADI WEDA
A model presents a creation by Indonesian fashion brand Artkea Stripes x IKYK during the Jakarta Fashion Week 2024 in Jakarta, Indonesia, 26 October 2023. The fashion event runs from 23 to 29 October 2023. EPA/ADI WEDA

Fierce rivals Shein and PDD Holdings-owned Temu have applied to end their legal fights with each other in the US, documents show, marking a truce even as a global market share battle between the low-price online platforms heats up.
Joint declarations were filed to courts in Chicago and Boston by lawyers representing the companies and their subsidiaries, requesting that two legal cases be dismissed "without prejudice" by their judges, Reuters reported.
The filings did not contain details on why they had decided to drop their complaints or whether any settlement had been made. Neither firm immediately responded to a request for comment on the filings on Friday.
Shein's lawsuit against Temu, filed last December in the US District Court for the Northern District of Illinois, alleged that Temu told social media influencers to make disparaging remarks about the fast-fashion retailer, and tricked customers into downloading the Temu app using "imposter" social media accounts.
In July, Temu filed its own lawsuit in Boston federal court, accusing Shein of violating US antitrust law in its dealings with clothing manufacturers.
Temu's complaint alleged Shein "forces manufacturers to sign loyalty oaths certifying that they will not do business with Temu."
In previous statements, both firms denied any wrongdoing in the cases.
The two companies have shaken up the global retailing landscape with an ultra-fast fashion, low-price shopping model.
Shein, founded in China, and valued at $66 billion, sells fast fashion at rock bottom prices, including dresses priced at $10 and bike shorts for around $5. The company produces clothing, mainly in China, that is sold online in the US, Europe and Asia.
Temu, whose parent company PDD Holdings also owns Chinese shopping platform Pinduoduo, similarly sells low-priced clothing but is equally well known for stocking cheap headphones and home appliances.
According to a note from HSBC analysts published this week, Temu is targeting $16 billion in gross merchandising volume (GMV) in 2023, versus consensus estimates of $11 billion.
 



Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition

Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition
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Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition

Fashion Commission Launches 'Traditional Handcrafts Revival in Saudi Fashion' Competition

Saudi Arabia’s Fashion Commission launched on Tuesday the “Traditional Handcrafts Revival in Saudi Fashion” competition to promote traditional Saudi attire and emphasize Saudi cultural heritage.

The competition, launched in alignment with the Ministry of Culture’s Year of Handicrafts 2025, aims to boost and preserve Saudi cultural identity, while fostering local talent in the realm of creative design.

The competition will equip participants to acquire advanced knowledge about traditional fashion design and Saudi handcrafts, bolstering technical and creative design skills and gaining a deeper understanding of Saudi heritage and architecture.

The winning design will be announced on February 16 and displayed at the Fashion Commission’s exhibition at the Saudi Cup 2025 in celebration of Saudi Founding Day.

Participants will attend a five-day workshop led by expert professionals, with the workshops covering four key areas: traditional fashion design, Saudi heritage and architecture, fashion handcrafts, and creative fashion skills.

Participants are invited to create distinctive fashion pieces that incorporate elements and characteristics reflective of local traditions and design artistry in the Saudi culture.

Following the creative process, participants will submit their creations to be assessed by a specialized panel of experts selected by the Royal Institute of Traditional Arts (Wrth).

The Traditional Handcrafts Revival in Saudi Fashion competition seeks to enhance awareness of traditional handcrafts in the Kingdom, preserve Saudi cultural identity, and develop local talent in the field of creative design by providing training and guidance opportunities to participants throughout the whole duration of the competition.