Bankruptcy of Liberated Brands and Closure of Stores

Liberated Brands, the company owning popular brands like Billabong, Quicksilver, Volcom, and Roxy, will close 120 stores in the US after filing for Chapter 11 bankruptcy. The bankruptcy is attributed to the rise of fast fashion brands, high interest rates, and inflation.

Impact of de minimis loophole closure on Shein's valuation and IPO plans

Shein is facing a significant drop in valuation for its London stock market listing due to the closure of the de minimis loophole by President Trump, which allowed small import shipments to evade duties. This change may impact Shein's profitability and IPO plans in London.