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BIZARRE: 16 - What They Never Told You

Monday briefing: Happy new year? Guardian writers look ahead to 2024 in politics, culture and more

In today’s newsletter: Recession warnings, more time on TikTok, even faster fashion. But never mind – film and TV are going to have a blockbuster year

The Guardian - UK

‘Textile zombie’ v fossil fashion: the battle to clean up the clothing industry in 2023

There was a huge rise this year in hyperfast fashion, with its huge carbon footprint and terrible waste. But from jeans grown in Lancashire to the popularising of repairs, it’s not all bad news

The Guardian - UK

TechScape: Has online shopping left us in a desperate race to the bottom?

Low-cost, low-quality ‘everything’ stores such as Temu, Shein and Amazon make buying stuff easier than ever – but it comes at a cost

The Guardian - UK

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IPO candidate Shein under fire by Temu—again—over alleged bullying, intimidating suppliers in new lawsuit

The lawsuit is the latest barrier to the fast fashion retailer as it seeks a public listing in the U.S.

Fortune

Online retailer Temu sues rival Shein, alleging ‘mafia-style intimidation’

Chinese-owned e-commerce firm reignites acrimonious legal battle and alleges Shein ‘bullied and intimidated’ suppliers

The Guardian - US

JD.com's billionaire founder tells employees not to 'lie flat' as Temu-owner PDD catches up to him and Alibaba founder Jack Ma

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

Fortune

Preaching sustainability while hawking fast fashion – meet the greenwashing influencers

For all their talk of capsule wardrobes, their business model relies on big brands and rapid trend cycles, says writer Sarah Manavis

The Guardian - UK

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Fashion Power 100 revealed: the hottest industry style players ranked

From designer heavyweights to industry titans and trending ingenues, the Standard has ranked the style world’s most significant figures of 2023 from one to 100

Evening Standard

Shein Applies For New York Listing Despite Forced Labour Allegations

Although the fast-fashion brand has been criticised for exploiting its factory workers, Shein has confidentially filed for an IPO in New York.

International Business Times UK

A Shein IPO will likely be one of the most contentious debuts in recent memory

Shein has plenty of enemies in Washington, D.C.—and they may throw a wrench in the company’s plans to go public.

Fortune

Stock Market Today: Stocks Struggle for Direction After Mixed Fed Messages

E-commerce platform PDD Holdings jumped after earnings, while rival Shein reportedly filed confidential IPO paperwork.

Kiplinger

Shein IPO Is In the Works: What You Need to Know

Fast-fashion retailer Shein is reportedly preparing to go public, but its IPO is facing several hurdles.

Kiplinger

Shein Files For IPO In US; Share Sale Expected In 2024: Reports

One of the key issues is the valuation of the Chinese fashion retailer, CNBC reported.

International Business Times

Tesla battles against Swedish labour market model

Amid an ongoing strike by its mechanics in Sweden over a refusal to sign a collective wage agreement, Tesla has also filed a lawsuit against the country's postal workers. They have blocked deliveries of licence plates for its new cars, in solidarity with workers at the electric vehicle maker. Also…

France 24

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The Guardian - AU

Chinese fashion giant Shein has filed paperwork to float on US stock market – reports

Company last month hoped for a valuation of $80-$90bn, according to reports, making it the largest initial public offering (IPO) in years

The Guardian - UK

‘We are creating a material monster’: the false logic of faux leather

As more people seek out vegan clothing alternatives, pleather can seem like an ethical option. But these pieces, often made from fossil-fuel based plastics, can have a major environmental impact

Pedestrian.tv

Alice McCall’s New Collaboration With Shein Is Proving As Controversial As You’d Expect

Australian fashion designer Alice McCall has announced that she’s returning to fashion via a collaboration with Shein. Here’s why her announcement was a ticket on the Hot Mess Express. If you are currently thriving in the digital age you would already be familiar with fast-fashion conglomerate Shein. It’s one of…

The Guardian - UK

Asos has gone from being an iconic comfort brand to a fast-fashion also-ran. What happened?

Asos has an identity crisis – and, with post-pandemic inflation, its product and business model have become unsustainable, says freelance writer Sophie Benson

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The Independent UK

Fast fashion retailer ASOS struggles to engage customers as losses balloon

One expert told The Independent that its free returns model makes the company susceptible to economic instability

The Independent UK

Shein is the fast fashion juggernaut that’s only getting bigger – its rise should concern us all

The Chinese-founded retailer sells entire outfits for less than £10 and has for years infuriated climate campaigners. Now its continued global expansion – which includes its new acquisition of the Missguided brand – looks set to cripple any progress already made to combat fast fashion, writes Olivia Petter

Caixin Global

Shanghai Composite Index Fell 0.09% on Tuesday

Shenzhen Component Index closed down 0.65%

Fortune

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

The Independent UK

Teresa Giudice and daughters receive backlash for their partnership with Shein

Fast fashion retailer has previously faced accusations of copyright infringement and poor treatment of workers

The Guardian - AU

Addictive, absurdly cheap and controversial: the rise of China’s Temu app

Temu’s meteoric growth – and its astronomical marketing budget – has experts asking whether its business model is sustainable

The Guardian - UK

Boohoo fails to lure shoppers with discounts as rival Shein takes a bite

Fast fashion retailer expects annual sales to fall by between 12% and 17% as buyers return to high street

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