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Saudi Fashion Commission to Host Virtual Meeting on Entrepreneurship, SMEs

Saudi Fashion Commission to Host Virtual Meeting on Entrepreneurship, SMEs
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Saudi Fashion Commission to Host Virtual Meeting on Entrepreneurship, SMEs

Saudi Fashion Commission to Host Virtual Meeting on Entrepreneurship, SMEs

Saudi Arabia’s Fashion Commission will host a virtual meeting focused on entrepreneurship and small and medium-sized enterprises (SMEs) on Thursday.

The meeting will feature renowned entrepreneurship specialists Noura Sulaiman, Abdulilah bin Mohammed Al-Baiz, and Mohammed Omar Bamehriz.

The discussions will be centered around four main topics: the initial stages of establishing a successful business, basic steps for building a thriving business, overcoming challenges and sustaining business growth, and expert advice for SME entrepreneurs.

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Fashion

Shein Reportedly Keeps Option to List in Hong Kong as Backup

This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)
This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)
TT
TT

Shein Reportedly Keeps Option to List in Hong Kong as Backup

This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)
This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)

Online fast-fashion group Shein is keeping alive a fallback option to list in Hong Kong despite filing for a London listing, the Financial Times reported on Friday, citing people familiar with the situation.
The company confidentially filed papers with Britain's markets regulator in June, two sources told Reuters on Monday, kicking off the process for a potential London listing later this year.
The news has triggered strong opposition from human rights groups in the UK over concerns about Shein's labor practices. Amnesty International UK said the potential London initial public offering would be a "badge of shame" for the LSE.
Shein's plans remain in flux and there is no certainty that it will end up listing in London even if that is the company's current focus, the FT report said.
The company did not immediately respond to a Reuters request for comment.
Shein, which was valued at $66 billion in a fundraising round last year, began to explore a listing on the London Stock Exchange early this year, Reuters reported in May, citing sources. Its original plan to list in New York came unstuck following opposition from US lawmakers.
Some senior British lawmakers have also questioned Shein's suitability and called for greater scrutiny of its labor practices, supply chain and use of an import tax exemption.