Shein UK revenue hits £2.5bn despite IPO woes

Fast-fashion giant Shein took in more than £2.5bn in UK revenue last year as it tightens its hold on British shoppers despite its IPO woes.  The e-commerce firm generated £2.58bn in revenue in 2025, newly published accounts show, as its pre-tax profit widened by 18 per cent to £45m.  Proof of Shein’s growing presence in the UK comes a month after its cut-price Hong Kong float, followed by a number of share price spooks.  The group’s initial public offering (IPO) at the start of September took place in its third-choice location after policymakers rejected its attempted floats in New York and London, citing concerns over its labour practices and lawsuits from its domestic competitors.  Shein had been valued at $100bn at its peak in 2022, but on its first day of trading in Hong Kong, the fast-fashion group was valued at $26.2bn (£19.3bn). Its shares fell on debut before recovering to a 0.12 per cent loss by the end of its first day of trading.  Last week, the group shares f