Streetbeat News

IDEXY

Industria De Diseno Textil SA

https://www.inditex.com/es/

CEO

Pablo Isla Alvarez de Tejera

Industry

Clothing Accessories Stores

Open

27.54

Mkt cap

171B

Volume

9.5K

High

27.54

P/E Ratio

28.82

52-wk high

30.11

Low

27.38

Div yield

0.02

52-wk low

20.13

Shein faces challenges in its overseas IPO plans due to political and regulatory scrutiny in the UK and US. A proposed US tax change could increase Shein's prices by 20%, affecting its competitive edge. The company also faces scrutiny from Chinese regulators.

Portfolio Pulse from The Bamboo Works

September 25, 2024 | 5:15 pm

Shein is considering moving its IPO from the U.S. to London due to regulatory challenges with the SEC. The company, originally from China but now based in Singapore, is also looking at other locations like Hong Kong and Singapore for its listing. This decision comes amid a tough year for IPOs in the UK and growing competition from companies like Industria De Diseno's Lefties and PDD Holdings' Temu.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 7:34 am

Industria De Diseno (OTC:IDEXY), Zara's parent company, is expanding its budget brand Lefties to compete with Shein's fast-fashion dominance. Lefties, initially an outlet for Zara's surplus stock, now operates in 17 countries and is leveraging social media marketing similar to Shein's strategy. This move comes as Shein faces valuation challenges, with its IPO and investor interest waning. Inditex's strategic focus on Lefties aims to capture value-conscious consumers and maintain competitiveness in the fast-fashion industry.

Portfolio Pulse from Benzinga Neuro

February 22, 2024 | 8:13 am

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