Shein is stepping up preparations for a London listing after its attempt to float in New York faced regulatory hurdles and pushback from U.S. lawmakers
Senior British lawmakers have questioned fast-fashion giant Shein’s suitability for a London stock market listing and called for greater scrutiny of the Chinese-founded firm.
British Finance Minister Jeremy Hunt held talks with Shein’s Executive Chairman Donald Tang in February and the firm is keen to list in London, a U.K. government source told Reuters. “With Shein’s prices so low the London Stock Exchange needs to ask itself, whose suffering is subsiding those prices,” she said in comments first reported by The Guardian newspaper.
“Our regular supplier audits are showing a consistent improvement in performance and compliance by our supplier partners. This includes improvements in ensuring that workers are compensated fairly for what they do.”
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