LONDON, June 25 — Amnesty International UK said today Shein’s potential London initial public offering would be a “badge of shame” for the London Stock Exchange because of...
Shein confidentially filed papers with Britain’s markets regulator in June, two sources told Reuters yesterday, kicking off the process for a potential London listing later this year. ― Reuters file picLONDON, June 25 — Amnesty International UK said today Shein’s potential London initial public offering would be a “badge of shame” for the London Stock Exchange because of the fast-fashion firm’s “questionable” labour and human rights standards.
Shein confidentially filed papers with Britain’s markets regulator in June, two sources told Reuters yesterday, kicking off the process for a potential London listing later this year. “Rewarding Shein’s current methods via a flotation would be a badge of shame for the London Stock Exchange,” Dominique Muller, an Amnesty International researcher specialising in the garment industry, said in a press release.Shein has previously said it is investing in strengthening governance and compliance across its supply chain.
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