RHJ
CENTRAL Cee has shared a cryptic response after buying Love Island’s Yasmin Hadlow a £7k Chanel handbag.
It was revealed on Tuesday that he splashed the cash on the designer purchase as he continues to woo her.
The Sun’s Bizarre revealed the news of Cench’s date with Yasmin at 77 London on Friday night and then told of a Harrods trip before.
Now the 28-year-old has taken to his Instagram stories to share a mysterious picture.
In the snap, his pals Ruby Lyn and Lily Chee are seen covering their faces with designer handbags as they sit in a luxury store.
The two girls are pictured surrounded by the different coloured bags as Cench played up to the rumours about him and Yasmin, 23.
The pair enjoyed a cosy date on Friday night at 77 London.
Before their evening out, the musician treated the reality star to the Chanel bag as well as some designer heels.
A source said that the Doja htimaker – real name Oakley Caesar-Su, told Yasmin to “buy whatever she wanted”.
Central Cee first revealed his crush on Yasmin last month during an interview.
While speaking on 60 Seconds with Missy, he expressed: “I do have one, I’ve got one I’m sure. Yasmin from Love Island.”
When asked about Cee at the National Television Awards, Yasmin replied coyly: “No comment… Watch this space.”
Fans were recently left confused about his equation with Yasmin after he was previously rumoured to be dating Ruby.
She even posted a video of him on her social media of him walking Burberry’s catwalk on Monday night.
However, those rumours have been debunked.
A source said: “Cench and Ruby are just friends. No one knows where this comes from. He’s very much single and free to date Yasmin.”
She split from Tommy Stagg just weeks after coming out of the villa.
The pair were at the centre of plenty of speculation after they weren’t spotted together and didn’t post each other on social media.
ZAYN Malik has shared rare snaps of the daughter he shares with Gigi Hadid as the youngster turned six over the weekend.
Taking to social media to give fans a glimpse inside Khai’s special day, the former One Direction star posted pictures from the celebrations, although his ex Gigi couldn’t be seen.
The 33-year-old wrote: “Khai’s 6th birthday this weekend!! Big thank you to everyone who made it extra special.
“@americandream – Nickelodeon Universe & Hasbro Arcade. The girls had the BEST time! And… @thelondonbaker the cake is epic, as always. Thank you!”
Zayn and Gigi’s only child could be seen surrounded by friends as she blew out the candles on a towering birthday cake.
Other snaps showed Khai playing arcade games and celebrating beside mountains of colourful balloons.
Gigi and Zayn split in October 2021, when Khai was just one, following an on-off relationship that began in 2015 after meeting at a Victoria’s Secret party.
Their romance came to an end following an alleged row between Zayn and Gigi’s mum, Yolanda, although neither Gigi nor Zayn has ever publicly given a full explanation for the split.
It was reported at the time that the couple had parted ways yet again following allegations made by Yolanda that Zayn “struck her.”
They have continued to co-parent Khai since then and are understood to share custody equally.
Zayn previously revealed they have their daughter “50/50”, while Gigi said the exes arrange their custody schedules months in advance.
Gigi, 31, said there is “love” and a “feeling of camaraderie” between them as they focus on raising their daughter together.
The model has since moved on with Hollywood actor Bradley Cooper, with the couple dating since October 2023.
Meanwhile, Zayn is not publicly known to be dating anyone and instead has managed to keep his love life out of the spotlight.
BBC Radio 2 star Bob Harris has shared a health update – after revealing his cancer is ‘taking more of a hold’.
The 80-year-old was initially diagnosed with prostate cancer in 2007 and managed the disease with treatment before recent setbacks.
Bob officially announced he was stepping down from The Country Show on June 4 and later told how his cancer treatment was “going well.”
Taking to Instagram, Bob gave his followers a fresh update via a new video.
He said in the clip: “Hey folks, it’s Bob here and you know I said I’ve got some news.
“I’m so thrilled to be able to bring you this news.
“I was speaking this morning with my oncologist, the amazing Costi and we are going to continue with my cancer treatment.
“We’re getting back under control, I was a little bit worried a short time ago, but everything is getting back under control now.
“I can see the pathway of my life ahead of me opening up again.”
At this point, Bob revealed he also had a second piece of news to share, but would reveal it on Tuesday at 10am.
One person commented: “Excellent news Bob!!!!”
Another added: “Excellent news Bob, everyone is 100% backing you for your recovery.”
It comes after Bob shared a devastating health update on his cancer battle last month, as he revealed the disease is “taking more of a hold.”
Bob shared two selfies from his hospital bed as he assured fans he’s trying to keep positive.
He said: “It has been a while since I last posted a health update and I want to let you know how I’m getting on, because there have been some changes with my cancer diagnosis.
“As regular followers will know, earlier this year I was forced to step back from BBC Radio 2 to concentrate on treatment and rest.
“I have been missing my programmes so much, but this space has given me a most beautiful summer here at home, enjoying a most precious commodity… TIME.“
Bob continued: “I feel very blessed to have been able to spend lovely moments with family and friends (some of which I’ve posted here on Instagram) in the glorious summer sunshine, but during this time my cancer has been getting more of a hold.
“I still feel well but I am now at the start of an intensive course of intravenous radiotherapy which we are confident will keep things at bay. I should know the outcome quite soon.”
HOLLY Ramsay has revealed her heartbreak following the death of the family’s beloved dog.
Chef Gordon Ramsay’s middle daughter, 26, took to Instagram to share news of cocker spaniel Bruno’s passing.
One story update saw Holly post a photo of Bruno as she wrote: “The most beautiful boy. I miss you so much already.”
Another contained a grid of photos featuring Bruno and Holly in moments together.
She captioned this tribute: “Goodbye my sweet boy. You were the very best.”
Earlier this month, Holly flashed her growing baby bump in a stylish co-ord with fans claiming she’s “glowing” during her first pregnancy.
Read more on Holly Ramsay
It was revealed in June that she was expecting her first child, a baby girl, with husband Adam Peaty.
Since then, Holly has been keeping fans up to date with her maternity journey with a series of stylish snaps.
Alhough her maternity experience has been in part overshadowed by her spouse’s family feud.
Adam is already dad to son George, five, from his relationship with ex-girlfriend Eirianedd Munro.
He has been estranged from his mum Caroline and the rest of his clan for the last 12 months, with all members of the Peaty family – other than his sister – not appearing at his wedding to Holly in December.
Recently, Adam opened up on his wider family feud and said “there has to be forgiveness”.
MILLIE Bobby Brown has shared the first picture of her second baby and revealed its gender, after adopting another child again aged 22.
Yesterday it was revealed how the Stranger Things actress and her husband Jake Bongiovi, 24, had added another addition to their growing brood.
Now, Millie Bobby Brown has thrilled fans by sharing the first picture of her son .
The TV star, who adopted her first child in August last year, shared a picture of her hands placed over her new baby’s.
Posting the snap on Instagram, the mum-of-two wrote: “Hi little guy!”
The star’s news has already had over two million likes, including from stars like David Beckham, 51, Chrissy Teigen, 40, and Amanda Holden. 55.
READ MORE MILLIE BOBBY BROWN
Millie and husband Jake announced that they had adopted their first child just over a yearagoo.
At the time she wrote: “This summer, we welcomed our sweet baby girl through adoption.
“We are beyond excited to embark on this beautiful next chapter of parenthood in both peace and privacy.”
She signed off the post, writing: “And then there were 3, love Millie and Jake Bongiovi.”
The Stranger Things star married the son of Jon Bon Jovi in 2024.
People reported that the couple had married in a private ceremony at Villa Cetinale in Tuscany, Italy in May 2024, with Millie taking her husband’s last name.
They met in 2021 and announced their engagement in April 2023.
The couple now live in the state of Georgia.
LONDON — Todd Boehly and fellow co-owner Mark Walter have sold their stakes in Chelsea, handing full control to Clearlake Capital, the English Premier League club said on Wednesday.
“Chelsea Football Club today announced affiliates of Clearlake Capital Group will acquire the ownership interest of Todd Boehly,” it said in a statement.
“As part of the transition, Clearlake will also acquire Mark Walter’s ownership interest and therefore acquire full control of the club.”
Boehly, Walter and Swiss investor Hansjorg Wyss all purchased a 12.8% share alongside the private equity company Clearlake, which had owned 61.5% ahead of Wednesday’s announcement. The Financial Times reported that Walter and Boehly will receive £950 million ($1.3 billion) for their combined stake in a deal that values the club at £5 billion ($6.7 billion) including debt.
Walter’s companies are the subject of multiple investigations that center on how much life insurance companies he owns were invested in the Dodgers and Lakers and why the investments weren’t accurately disclosed. Walter sold his majority share of the Lakers last month for a record $12.5 billion valuation, but Walter’s TWG Global said the decision to sell was not forced by the investigation. People with knowledge of company operations but not authorized to speak publicly told The Times Walter was open to selling his Chelsea share for the right price, but he has no intention of selling the Dodgers and other sports investments.
Boehly has worked with Walter at Guggenheim Partners since 2001 and played a significant role in the purchase of the Dodgers and Lakers, among other Walter owned properties.
In 2022, Clearlake and Boehly combined to take over the club from Roman Abramovich when the Russian billionaire was forced to sell the club after being sanctioned by the U.K. for his connection to Russian President Vladimir Putin following Moscow’s full-scale invasion of Ukraine.
Boehly now stands down in his role as Chelsea chairman. Fans protested Boehly’s tenure as the club struggled to keep pace in the Premier League title chase amid erratic leadership, unusual player acquisitions and chaotic relationships with managers.
“It has been an honor to serve as chairman of Chelsea Football Club,” Boehly said. “I would like to thank the many who helped secure a bright future for the club, including the English Premier League, the coaches and players, the talented leadership and staff at Chelsea, and the legions of dedicated fans.
“I have valued my partnership with Clearlake and the wider ownership group, and the collective decisions and investment we have made to support the immediate and long-term success of the club. I am confident that Chelsea is well positioned for continued success under Clearlake’s leadership.”
Behdad Eghbali and José E. Feliciano, co-founders of Clearlake Capital, lauded Boehly in the Chelsea statement. Feliciano also recently acquired Major League Baseball’s San Diego Padres.
“Todd has been an important partner throughout our ownership of Chelsea, and we thank him for his time and contribution as chairman,” Eghbali and Feliciano said. “He will always be a part of the Chelsea story and family.
“Clearlake has served as Chelsea’s majority owner since 2022, and as we move to full control our focus is to continue investing in the club’s infrastructure, sporting performance, player development and delivering long-term success for Chelsea and the club’s supporters.”
The statement also said Wyss would “remain an important stakeholder and partner in the ownership group”, and that there would be “no changes to the day-to-day operations, leadership or strategy at the club.”
Chelsea, which is sixth in the Premier League standings, next faces London rival Brentford on Friday.
Jimenez writes for the Associated Press.
LAURA Anderson has admitted she felt like the ‘biggest faliure’ after her split from Gary Lucy as she shared an emotional post about being a single mum.
Laura and Gary split not long after they revealed they were having a child together, but later got back together before ultimately calling it quits.
Now, Laura has shared a tender beach clip of her and her daughter playing in the sand, using the moment to open up about how she’s feeling now.
She wrote: “One day you’ll go through a break-up with your child’s father and you’ll think that being a single mum is the biggest failure.
“And then one day, not suddenly, but slowly and surely, you’ll look back and feel so proud of the mother you are and what you have been able to overcome.
“You’ll be proud of how much your child is thriving and how much you’ve achieved by yourself.
“Because the one thing that determines the happiness of a child is the happiness of their mother.
“Her peace within the home and within her mind.
“And the only thing you’ll regret is not realising that sooner.”
Fans flocked to comment and one wrote: “Your an amazing mama to your baby Bonnie.”
Another added: “Absolutely agree.”
While a third stated: “Beautiful.”
Laura and Gary met while looking for love on Celebs Go Dating back in 2022.
Despite it being against the E4 show rules to date fellow celebs, the experts gave the green light after seeing their romantic spark.
During their whirlwind relationship after the cameras stopped rolling, Laura fell pregnant.
But the happy pregnancy news was tinged with sadness because by then the pair had secretly split for the first time.
The couple then split for good shortly before their daughter Bonnie was born in 2023
This sparked the start of one of the most toxic break-ups reality TV has ever seen.
Just this June, Laura took a swipe at Gary with a savage Father’s Day post.
And last month, she took another brutal swipe at Gary and confirmed she’s now single after her split from her footballer boyfriend.
FORMER glamour model Katie Price has shared a worrying health update about her mum, Amy, amid her terminal illness battle.
Amy Price was diagnosed with a terminal lung disease called Idiopathic Pulmonary Fibrosis (IPF) back in 2017 with the irreversible scarring of the lungs making it difficult for her to breathe.
During a Good Morning Britain interview in May, Katie, 48, told how her mum was “really not well.”
The admission came two months after Amy was hospitalised in March after being diagnosed with an infection.
Amy has been in and out of hospital, battling the cruel disease for years.
Now, Katie has shared a health update on her mum and it doesn’t sound positive as she’s made a return to the hospital.
Speaking on her podcast The Katie Price Show, she said: “Mum is still in hospital. She’s very poorly.
“She’s very poorly at the minute, but she loves watching what we’re doing. She loves us at the NTAs, she loved it, seeing us all there.”
Amy appeared fit and fighting at the launch of her new documentary Katie Price: Nothing To Hide.
The glamorous 74-year-old made sure she was right by her daughter’s side for her big night.
She wore a beautiful white and blue floral dress and was seen posing up for snaps with a beaming Katie.
During a podcast episode with her sister, Sophie, back in July Katie revealed she was terrified her mum was going to die while they were filming her Sky show.
“There were so many times we thought we were gonna lose mum through the filming,” admitted Katie.
Sophie agreed saying at one point, she didn’t think Amy was “going to make it.”
Katie went on: “She just keeps battling through and I never thought she’d make the BAFTAs [in February], none of us did.”
In 2023, Amy underwent a major lifesaving lung transplant after being in critical condition in a coma.
Despite the transplant, Amy’s health has remained touch-and-go with Katie noting her struggles with mobility and breathlessness.
ACTRESS Michelle Keegan has shared a rare snap of her daughter Palma, 18 months, just days after she quit a new ITV drama.
The mum-of-one welcomed the tot with her partner DJ Mark Wright, 39, in March last year.
Stockport-born Michelle and Essex lad Mark have opted to keep Palma’s identity under wraps but have shared brief glimpses into their lives as parents.
And, Michelle couldn’t help but update fans as her little girl hit a huge milestone.
The soap favourite took to Instagram to reveal they’ve been celebrating Palma turning 18-months-old.
In the snap posted online, Palma can be seen facing away from the camera wearing a stylish denim dress.
Read more on Michelle Keegan
She’s holding a tiny wooden plaque, which says the words: “18 months.”
It’s engraved with flowers around the outside and has a little brown bow stuck to the top.
Michelle recently pulled out of a major new ITV drama just months before filming was due to start in November.
The 39-year-old left ITV bosses baffled by her decision to turn her back on the lead role in a big budget production, focusing on a working-class barrister.
Sources said it was “a huge blow” as she had committed to the drama a few months ago and a filming start date had been decided.
Michelle, who decided not to go ahead with the series written by Sherlock writer Steve Thompson, has said she wanted to focus on family life.
A source said: “Michelle was really keen to take on the meaty role, but the heavy filming schedule would take her away from daughter Palma for too long.
“The hours were quite intense and the project was starting straight after her Netflix drama The Woods and she just couldn’t commit.
“She is dedicated to her acting career, but like all working mums has to prioritise being there for her family, juggling work, parenting and being present for Palma.”
Mark and Michelle, who married in 2015, live in a £3.5million mansion near his family in Essex.
The family of three have enjoyed a string of lavish holidays together over the past year, while Michelle has had some time off.
She first made it big in 2008 as Coronation Street’s Tina McIntyre, and starred in BBC military drama Our Girl from 2016 to 2020.
AS SHE counts down to the birth of her second child, Scarlett Moffatt enjoyed a sweet baby shower this weekend.
The former Gogglebox favourite – who already shares son Jude with her fiance Scott Dobinson – enjoyed a fun-filled ‘baby in bloom’ themed bash with her friends and family.
From baby bingo to hilarious games, the shower saw all of Scarlett’s nearest and dearest come together.
Guests were welcomed to a large pastel coloured balloon arch with a sign that read ‘Baby in Bloom, Scarlett’s baby shower’ inscripted on it.
A floral cake with the same colour scheme and an ‘oh baby’ topper was beautifully displayed for guests to enjoy too.
Scarlett donned a floral dress as she matched the day’s theme, whilst her other half Scott and their son Jude both opted for pastel blue shirts.
Sharing a carousel of pictures from the day, Scarlett wrote to Instagram: “Baby in Bloom 🌸🌼🩵
“One last big celebration before our littlest love arrives. My heart (and belly 😂) are VERY full 🩵”.
She continued: “Thank you to my mam and bestie for organising it all especially getting up at the crack of dawn to make finger sandwiches lol, to everybody who came we love you so much.
“Honestly what a giggle I’ve had & @balloonsbymollyx as always for the beautiful display”.
Scarlett announced she and Scott were expecting their second child earlier this year, but recently told The Sun that the pregnancy has been far from smooth sailing.
After a very relaxing pregnancy with Jude, Scarlett says she was shocked this time around.
“This time, the first trimester I was still working and filming and I was getting bad travel sickness – I’ve never had that in my life before.
“I was also running off to throw up at work,” admitted the star.
Hayley Anderson Screen Time TV Reporter
18:39, 06 Sep 2026
Rose Leslie has shared some handy behind the scenes Game of Thrones tricks she used for Vigil season three.
Vigil continues to air every Sunday and Monday night on BBC One as DI Kirsten Longacre (played by Rose Leslie) heads up the latest murder investigation.
But in a complete 180 degrees move to series two which was mostly set in the Middle East, season three takes place in Svalbard, Norway, which is located in the Arctic Circle.
And with Svalbard having an average annual temperature between minus 11 and minus 16 degrees, it wasn’t the easiest of conditions to work in.
Nevertheless, Leslie did pick up a few helpful tips while shooting in Iceland’s freezing temperatures for Game of Thrones.
“Filming back then, I was given a brilliant hack that I also used for Svalbard as well.
“Essentially, if you get a heat pack and you place them on both your kidneys, you are then heating up your blood because your blood is going through your kidneys and then whizzing everywhere else in your system.
“So if you’re heating up the blood going through your kidneys, you’re actually going to warm yourself up.
So I was like ‘Guys, you’ve got to listen to me on this!’ And it works!
“That really helped me on every single day we were filming outside on the mountain tops.”
Vigil season three returns for its third episode tonight, Sunday, September 6, where Kirsten will finally be reunited with DCI Amy Silva (Suranne Jones).
It’s been teased that Amy travels to Svalbard to “clear Kirsten’s name” as she faces the “wrath of the Russians”.
The official synopsis continues: “Together, they dig into the complex motivations within the hub whilst something more sinister bubbles beneath its surface.
“The truth of Hodge’s murder may be closer to home than they thought, but the situation threatens to combust before they can get to the truth.”
Vigil is available to watch on BBC One and BBC iPlayer.
CARA Delevingne has shared a picture of herself topless while cuddling her pet cat in a new Instagram post.
The supermodel, who is a doting pet-parent to two male cats, posed in bed as one of her Persian shorthair cats covered her chest.
Donning just a pair of grey boyshorts, Cara showed off her natural complexion with her hair scraped back in the snap.
She also shared a myriad of other pictures in the post, including a loved-up snap with her partner Minke.
Cara has been with Minke, whose real name is Leah Mason, since 2022.
Whilst Cara is best known for her successful modelling career, the star has recently turned to music.
Earlier this month, she stripped down for a sexy new music video for single Crazy, Baby to launch her move to music in style.
The video saw Cara embrace her rock side with leather knee-high boots and matching shorts, with the star going topless for several scenes.
Cara officially launched her music career earlier this year after signing with Warner Records.
She followed this up with the release of her first two electropop/rock singles, ‘I Forgot’ and ‘Out Of My Head’.
Crazy, Baby is Cara’s latest release.
Her debut studio album, Not Normal, is expected to be released over the coming weeks.
STACEY Solomon has shared an emotional goodbye to Pickle Cottage after selling her £1.3 million home.
Yesterday she and husband Joe Swash confirmed to fans they had sold their “dream home” and would be moving out “imminently”.
Now Sort Your Life Out host Stacey, 36, has shared a montage of her favourite memories from living in Pickle Cottage, which they bought in 2021.
Writing on Instagram, she said: “Thank You & Goodbye Pickle Cottage.
“A little montage of some of the best years of our lives… We will forever be grateful for the last 5 years at Pickle.
“What a special place & how lucky we’ve been to have lived there. Memories that will last forever…
“Wishing all of the love & happiness to the new family who get to love pickle cottage. And here’s to the next chapter…”
Stacey, who is mum to Zachary, 18, Leighton, 14, Rex, seven, Rose, four, and three-year-old Belle, yesterday explained how she and Joe, 44, are moving to a new property with more land so they are able to rescue more animals.
She said: “Leaving Pickle Cottage was a massive, massive, decision for us, we had a lot of people we needed to speak to, we needed to get the kids around to the idea and speak to all our neighbours and lovely friends in the area.
“There were so many people we needed to speak to before we told everybody.
It’s a really special place to us. I gave birth to both of the girls there, we got married there, it’s just so special to us.
“But for a little while we have always wanted to rescue more animals, grow more vegetables, my vegetable patch, I have got so much joy out of it, but it’s on Farmer Scott’s land. So if he decides to do something with that land, it’s gone.”
Stacey added: “We saw somewhere, found somewhere, and I was like ‘Oh my God’ and I was like, we could have a massive vegetable patch and we could offer our land to animals who need it.”
Guy Ritchie and the cast head to Italy for some of the scenes and storyline in Season two.(Image: Getty Images for Lionsgate)
Guy Ritchie admitted the success of his drugs thriller The Gentlemen “surprised” him and made him work even harder on the follow up series. The Gentlemen became a global success when the series launched in March 2024, having reached the global Top 10 in over 90 countries and securing the number one spot in 75. Between 2024-2025 the series generated 100 million views globally.
Speaking at a London press conference to launch the second season of The Gentlemen, Creator, Writer and Executive Producer Ritchie said: “We were quite surprised by the interest that season one provoked. And then of course the challenge is how do you keep this live and interesting.
“We have paid more attention to the second season but our principle challenge is to evoke an unpredictable but enough of the same world where we were stimulated. And the audience would feel they were given enough of something new, but a meal that they were anticipating. We are trying to thread the needle of something new and provocative and something that is also familiar enough.”
The award-winning filmmaker also discussed the difficulties of trying to come up with a story which was “new and provocative” whilst also being “familiar enough”.
“The scripts, to some degree, write themselves as characters do,” Ritchie added. “Once characters have been given a voice, it’s odd how they can unfurl their characteristics and subsequently the drama that thereby follows.”
The first season followed aristocratic Eddie Horniman, played by Theo James, who inherits the family estate and discovers that it is home to a huge weed empire. In a separate interview with other media, actor Theo was asked about the rumours of Meghan Markle making her acting comeback in Season Three, which is yet to begin filming.
“I think that is just a rumour,” Theo responded. “I don’t even know the practicalities of how one would make that happen.”
Ritchie and other cast were not asked about Meghan possible involvement at the drama’s main global press conference, despite questions being submitted on the subject.
Manda Levin, Netflix ’s scripted chief in the UK, cryptically said last week “all bets are off” when asked about Meghan.
The Gentlemen also stars Skins actress Kaya Scodelario, who plays Susie Glass. Susie teamed up in business with Eddie in the first series and is the daughter of Ray Winstone’s character Bobby Glass. On working with Winstone, 34-year-old Kaya said: “Some days I’d go home, having spent 12 hours on set honestly feeling like I’ve grown as an actor.
“Working with Ray really is a masterclass. I’ve also learned how funny and kind Ray is and that you can be both this sort of scary East End guy and also a feminist. But then Ray’s the father of three daughters so what do you expect?”
The second series begins a year on from when Eddie and Susie joined forces to work together in Bobby’s criminal empire overseas. But Bobby is making some dubious decisions which seem to be increasingly unsound and the duo have to decide what to do next.
There is also a growing tension between the pair when it comes to business.
Other cast members who attended the premiere in London’s Guildhall included Vinnie Jones, Joely Richardson, Hugh Bonneville and Chris Eubanks Jnr.
* The Gentlemen Season 2 launches September 3/today.
Shares in fast-fashion giant Shein fell as much as 10% on their trading debut on Hong Kong’s stock market on Tuesday, before recovering some of their losses, following years of delay to the company’s plans to list publicly and regulatory setbacks in Europe and in the US.
Shein’s initial public offering opened on 24 August, with the final share price set a week later on 31 August. Trading began the following day, on Tuesday.
The gap reflects standard IPO process, as investors placed their orders over about a week, the banks running the deal then fixed the final price and decided who got shares, and trading opened a few business days later once the exchange gave the final go-ahead.
The listing marks the end of a long search for a stock market willing to take Shein after plans to list in New York and London stalled amid scrutiny over its Chinese supply chains, forcing the company to turn to Hong Kong instead.
New US and EU tariffs on low-cost parcels from China, along with rising shipping costs from the war in Iran, have contributed to Shein’s swing from a $395 million (€340mn) profit to a $99 million (€85mn) loss in the first quarter of this year.
Shein raised about $1.7 billion (€1.46bn), pricing shares at HK$48.56 (€5.33) each, in one of the city’s biggest share sales this year.
“Shein’s Hong Kong listing marks a new starting point,” said Leigh Gui, Shein’s chief financial officer, in a short speech at its listing ceremony.
But in early trading, the shares fell to below HK$44 (€4.83) before losses narrowed.
Shein has built its appeal to customers on ultra-fast, affordable fashion, delivered from China to the West within days.
However, the end of “de minimis” tariff exemptions in the US and the European Union has raised duties on low-value parcels from China, including Shein’s products. Higher logistics costs, driven partly by the war in Iran, have also squeezed the company’s low-price business model and profitability.
Tariff costs have forced Shein to raise prices, “cutting into its main advantage,” said Jacob Cooke, CEO of WPIC Marketing + Technologies.
Shein, pronounced “she-in,” earlier explored listing its shares in New York and London, and moved its headquarters from China to Singapore in 2021.
But increasingly strict scrutiny by Beijing and by regulators in the US and Europe led it to embrace its Chinese roots and switch to a Hong Kong listing.
Launched in 2012 in China, much of Shein’s operations were in the southern province of Guangdong before it moved its corporate headquarters out of the country.
“Guangdong is Shein’s roots, and the starting point of our journey,” founder Sky Xu said in a speech in February.
Pivoting its focus back to China also highlighted the advantages Shein derives from a supply chain system that “only exists” in Guangdong, said William Ma of GROW Investment Group, referring to its small-batch, fast-response manufacturing model.
Shein has hit other roadblocks in expanding in Europe. In February, the EU launched a probe into the company with a focus on “illegal” products, including alleged child sexual abuse material.
In May, Shein acquired San Francisco-based eco-friendly clothing retailer Everlane, a move some analysts said was not the best fit.
The company’s market value was roughly $27 billion (€23.2bn) as it listed in Hong Kong, a fraction of its peak valuation a few years ago.
“Shein has probably missed its golden listing window due to the shift of momentum toward AI and tariffs, which can affect valuations and profitability,” said Gary Ng, a senior economist for Asia Pacific at French bank Natixis.
Still, Shein’s listing is welcome news for Hong Kong, as the Chinese territory makes increasing efforts to hold onto its role as a global financial hub following a downturn in 2023.
Hong Kong’s stock exchange has had a strong year for IPOs, raising more than $40 billion (€34.4bn) so far.
There is also a backlog of companies seeking to list there, said Lorraine Tan at investment research firm Morningstar.
OLIVIA Attwood has sent fans into a spin after she shared a sweet snap of Pete Wicks wearing an “I love my girlfriend” t-shirt.
The documentary stars have finally been giving followers the relationship content they want to see after months of keeping their romance under wraps.
In a round-up of her week, Olivia posted a picture of her beau Pete donning the top while they played a game of pool.
The candid snap saw Pete, 37, chalking up his cue stick with quite the serious look on his face.
Olivia has been giving fans more of glimpse into their dynamic after hard-launching him on Instagram earlier this week and opening up during her Cosmopolitan interview.
“Love this round up and Pete’s t-shirt,” wrote one fan.
Read more on Olivia Attwood
Another fan penned: “The T-SHIRT, absolutely no notes.”
A third person said: “Love the t-shirt Pete xxx”
Meanwhile, a fourth fan added: “Can’t wait to hear Sam Thompson’s take on the t-shirt.”
Reality TV personality Pete made his intentions clear as he took matters into his own hands and hard-launched his romance with Olivia a whole month before she did.
Olivia recently revealed it was Pete who made the first move and since then their relationship has moved very quickly.
Last week, Olivia dropped a huge hint that things are getting serious with Pete as she leaked a telling WhatsApp message.
Olivia carefully omitted who sent the text which read: “You are the love of my life.”
She then finally went social media official with Pete, sharing a slew of steamy snaps of the pair looking loved-up in Ibiza.
The couple were seen heading out on a date night to the Broadwick hotel in Soho just days ago – the same venue where they were first spotted locking lips.
Loose Women panelist Olivia has reached new career heights this year and she’s certainly been busy as she shared some exciting moments alongside the picture of Pete.
The 35-year-old could be seen at multiple different shoots, her Savano cocktail party, at the gym and she of course showed fans the huge poster she had made for her magazine cover.
