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Shein overtakes Boohoo in UK as it reveals £1.55bn revenue in 2023

The latest figures shared on the UK's Companies House show Shein’s UK subsidiary Shein Distribution UK saw revenue of £1.55bn ($2.03bn) and pre-tax profit of £24.4m in the year to December 2023 ahead of an expected IPO on the London Stock Exchange.

Rachel Lawler October 09 2024

Shein’s rival retailer Boohoo’s most recent full-year results showed revenue of £1.09bn in the UK, while Asos reported UK revenue of £1.55bn, which sits in line with Shein. Credit: Shutterstock.

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