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Shein's founder and CEO, Sky Xu, is meeting with potential U.S. investors as the fashion giant moves closer to a potential listing in London. This will be the first opportunity for large institutional investors to meet Xu, who rarely makes public appearances. Shein, which has faced scrutiny from governments worldwide, has shifted its focus to London after its plans for a stock listing in New York fell through. The company is still awaiting approval from the U.K.'s Financial Conduct Authority and the Chinese securities regulator for its IPO. Shein, known for its affordable and trendy clothing, had approximately $32 billion in sales and $1.6 billion in profit in 2023. However, compliance efforts and geopolitical tensions may impact its projected revenue growth for 2024. The company has also faced criticism for its sourcing practices and environmental impact. [Extracted from the article]

They said the scale would help the companies work with carriers to create new insurance-industry products, particularly for emerging markets, cybercrime and climate change. Also, the brokerages aren't required by regulators to hold big capital cushions, as are insurance companies themselves, so less private-equity money gets tied up in brokerage deals than in those involving insurance carriers. Keywords: Retail/Wholesale; Motor Vehicle Dealing; Specialty Retailing; Insurance; Risk Management Services; Insurance Brokering; Accounting/Consulting; Business/Consumer Services; Business Consultancy; Financial Services EN Retail/Wholesale Motor Vehicle Dealing Specialty Retailing Insurance Risk Management Services Insurance Brokering Accounting/Consulting Business/Consumer Services Business Consultancy Financial Services N.PAG N.PAG 1 07/28/21 20210727 NES 210727 Justice Department alleged the combination of insurance brokers would eliminate competition The Justice Department had alleged the tie-up of insurance brokers would lead to higher prices and reduced innovation for U.S. businesses. [Extracted from the article]

Keywords: Trusts/Funds/Financial Vehicles; Investment Trusts; Alternative Investments; Business/Consumer Services; Financial Services; Hedge Funds; Investing/Securities; Shell Company; Regulation/Government Policy; Ownership Changes EN Trusts/Funds/Financial Vehicles Investment Trusts Alternative Investments Business/Consumer Services Financial Services Hedge Funds Investing/Securities Shell Company Regulation/Government Policy Ownership Changes N.PAG N.PAG 1 07/21/21 20210720 NES 210720 Activist investor's Pershing Square investment firm will instead take a stake in the world's largest music company The U-turn is a setback for the hedge-fund billionaire, who crafted a first-of-its-kind pact that set it apart from a wave of other deals orchestrated recently by special-purpose acquisition companies. Mr. Ackman said his investment firm, Pershing Square Holdings Ltd., would instead take a stake in Universal and become a long-term investor in the company. [Extracted from the article]

Retail/Wholesale, Motor Vehicle Dealing, Specialty Retailing, Insurance, Non-life Insurance, Risk Management Services, Insurance Brokering, Accounting/Consulting, Business/Consumer Services, Property/Casualty Insurance Keywords: Retail/Wholesale; Motor Vehicle Dealing; Specialty Retailing; Insurance; Non-life Insurance; Risk Management Services; Insurance Brokering; Accounting/Consulting; Business/Consumer Services; Property/Casualty Insurance EN Retail/Wholesale Motor Vehicle Dealing Specialty Retailing Insurance Non-life Insurance Risk Management Services Insurance Brokering Accounting/Consulting Business/Consumer Services Property/Casualty Insurance N.PAG N.PAG 1 06/18/21 20210617 NES 210617 Government antitrust lawsuit alleges merger of insurance brokers will suppress competition An antitrust lawsuit alleges insurance broker Aon's proposed $35 billion acquisition of rival Willis Towers Watson would lead to higher prices and stifle innovation. [Extracted from the article]