Fast Fashion, Fake Meat and Speedy Ortiz
By:James Melton
Investors and traders looking to own a piece of the “fast fashion” industry will be intrigued to hear that Shein is considering an initial public offering (IPO) in the United States.
Leveraging a digital-first approach, Shein has grown fast by tracking emerging fashion trends and using its extensive marketing savvy to generate demand for products that match those trends. Moreover, Shein has cultivated a tight-knit supply chain, which uses a nimble approach to respond quickly to the ever-changing preferences of industry.
The company hopes for an IPO valuation of at least $90 billion. But there’s no definitive timeline and regulatory approval might be hard to get. Read the whole story.
Manufacturers of non-meat protein say their products could reduce the threat of climate change by decreasing demand for methane-belching cattle and other animals raised for human consumption. But changing dietary habits formed through 2.5 million years of human evolution will be a big lift. Whether investors will stick around for the ending of this story is uncertain. Read the whole story.
The Permian Basin—located in western Texas and southeastern New Mexico—now accounts for nearly half of total daily oil production in the U.S. That has triggered increased M&A activity in the region, making oil stocks levered to the Permian an intriguing prospect for investors and traders.
According to data compiled by Reuters, 2023 has already seen considerable M&A activity in the Permian, with 27 new deals announced through mid-October. That includes the largest Permian acquisition in history, which was Exxon Mobil’s (XOM) recent takeover of Pioneer Natural Resources (PXD) for $60 billion. Read the whole story.
During a lengthy U.S. tour, Sadie Dupuis, guitarist, lead vocalist and lyricist for the indie rock group Speedy Ortiz chats with The Rockhound about the making of the band's fifth studio album, Rabbit Rabbit, and more.
For Rabbit Rabbit, the Massachusetts-born and now Philadelphia-based band traveled to Joshua Tree, California, and the legendary studio Rancho de la Luna. It’s a private home studio owned by David Catching that has hosted artists such as PJ Harvey, Dave Grohl, Anthony Bourdain, Queens of the Stone Age, Iggy Pop, Arctic Monkeys and more. Read the whole story.
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James Melton is managing editor of Luckbox magazine.
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