Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Retail Week:
Former Asos chief executive Nick Beighton called Nordstrom “the right partner” when the collaboration was first announced in July 2021. So would now be the right time for the US department store chain to take this partnership to another level – or are Frasers still first in line?
Shore Capital research analyst Eleonora Dani says a potential Asos bidder needs to be tuned into the online fashion retail space in order to make it a success.
“Nordstrom would make sense because Asos needs a business that knows how to engage with shoppers online and that itself has a strong online presence,” she says.
GlobalData retail managing director Neil Saunders says “I think it makes sense from Asos’ point of view to be acquired; I think it would solve a lot of their issues and take a lot of heat off of them.”
A senior fashion retailer told Retail Week that a Nordstrom takeover is certainly a potential option, but questioned whether Mike Ashley’s retail empire might win the battle if it attempts to bring Boohoo and Asos together
Shorts work on Algorithms not speculation. Current valuation like Boohoo is for failure. Hedge funds who short don’t normally entertain a shorted stock when it reaches over 5% as you don’t want to be last one out!
Bailey and the rest of the MPC should have started cutting rates by now the high street and retailers are their knees with these high rates. No capex going through when you have to borrow at 10-12% hence no expansion or growth for the UK.
In December 2021, President Joe Biden signed the Uyghur Forced Labor Prevention Act (UFLPA), banning goods made in Xinjiang. The law states that any product manufactured in Xinjiang should be assumed to have been made using forced labor. It also provided companies that ship products into the U.S. with guidelines on how to ensure that their products aren’t made with forced labor.
But companies that take advantage of the de minimis provision use it to “circumvent the UFLPA,” because without paying duty fees there is no “formal entry documentation – a major impediment to collection of data necessary to enforce import bans,” Anasuya Syam told a joint House and Senate hearing. Syam is the human rights and trade policy director at the Human Trafficking Legal Center.
In a letter to the SEC last month, Mr Rubio argued that investors could be vulnerable if Shein’s products are “seized or barred” from the American market by the US Customs and Border Protection for potential violations of a federal law against forced labour.
Although Shein is headquartered in Singapore, he said that in reality it remains a Chinese company, subject to laws and regulations which “can change without notice” under the authoritarian regime. This “could destroy Shein’s business overnight if it falls out of favour”, exposing shareholders, he claimed.