Moscow Fashion Week Sprawls across the Capital

Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
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Moscow Fashion Week Sprawls across the Capital

Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)
Models display a collection by Russian designer Alena Akhmadullina on Moskvoretskaya embankment during the Fashion Week at Zaryadye Park near Red Square with a Stalin's type skyscraper in the background in Moscow, Russia, Thursday, June 23, 2022. (AP)

Chic and adventurous models and couturiers have been spread all over the Russian capital for Moscow Fashion Week, flaunting their designs in venues ranging from a sprawling Stalin-era propaganda exposition to a large park near the Kremlin admired for its innovative features.

More than 100 shows are being held during the week that began Monday as well as scores of speakers who are noted names in the Russian fashion industry.

Among the major names showing their clothes are Slava Zaitsev and Valentin Yudashkin.

The center of the action has been Zaryadye park, built where the vast and unwelcoming Hotel Rossiya once stood just east of the Kremlin and St. Basil’s Cathedral. The park’s most famous feature is an elliptical ramp that juts out over the Moscow River, an epic catwalk for models.

Many other shows are being held in VDNKh, built to show the “people’s economic achievements” and renowned for its array of elaborate Stalinist architecture. In one of the week’s memorable images, models in up-to-the-minute couture sauntered past the huge Friendship of People’s fountain that features golden women in idealized peasant dress.

The shows take place amid the pressures of increased sanctions against Russia because of fighting in Ukraine and the withdrawal of many foreign businesses. But designer Yulia Skalatskaya said her work is thriving nonetheless.

“I experienced some difficulties, but at the same time, to be honest, our sales have grown,” she said. “If you work well, if you make good collections then you’ll have more clients. If you only rely on the fact that some brands have left and someone’s place has been vacated, nothing will change only because of them leaving. You need to work.”



Sources: Shein Aims for London IPO by Mid-year

FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo
FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo
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Sources: Shein Aims for London IPO by Mid-year

FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo
FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo

Online fast-fashion retailer Shein is aiming to list in London in the first half of the year, according to two sources with direct knowledge of the matter, assuming it gains regulatory approvals for the initial public offering.
The IPO could be completed as early as Easter, which is April 20, one of the people said.
A visit to China by Britain's finance minister Rachel Reeves starting on Saturday, during which she will meet with vice premier He Lifeng to discuss economic and financial cooperation, could help progress the regulatory approvals Shein needs, the source added.
A second person with knowledge of the matter said Shein, founded in China in 2012, is working towards listing in the first half of this year, but the definitive timeline is still in flux.
The London listing push comes after the company ended its attempt at a US IPO after pushback from lawmakers concerned about risks connected to China and alleged labor malpractices, Reuters reported.
The head of Britain's Financial Conduct Authority, which is in charge of assessing and approving flotations like Shein's IPO, is accompanying Reeves on the trip to Beijing and Shanghai and will meet with regulatory partners there.
Shein declined to comment, the FCA said it does not comment on potential listing applications, and Britain's finance ministry did not reply to Reuters' questions.
Even though it moved its headquarters from Nanjing to Singapore in 2022, Shein also requires permission from the China Securities Regulatory Commission, making it subject to offshore listing rules, as most of its 5,800 contract manufacturers are in China.
New rules passed by the CSRC in 2023 allow it to vet and potentially block offshore listings.
The CSRC did not immediately reply to questions about Britain's visit and Shein's IPO.
Shein is walking a political tightrope as it tries to show it has measures in place to limit the risk of human rights violations in its supply chain while avoiding any direct claims about China's Xinjiang province - a top cotton-producing region where the United States and NGOs have accused the government of forced labor and other abuses against Uyghur people.
Beijing denies any abuses, and Chinese authorities have hit back at clothing brands that say they don't use Xinjiang cotton.
Shein's general counsel for Europe, the Middle East and Africa, Yinan Zhu, on Tuesday declined to directly answer when asked by a British parliamentary committee whether the retailer's clothes contain cotton from China or Xinjiang, or whether it tells suppliers not to source from the province.
Zhu asked instead to provide the committee with written answers, and said Shein complies with relevant laws in all jurisdictions.