Agenda-setting intelligence, analysis and advice for the global fashion community.

Starmer Plans to Leave Scrutiny of Shein IPO to UK Regulator

The UK government plans to defer scrutiny of Shein’s potential London stock listing to the Financial Conduct Authority, avoiding a deeper examination of the Chinese retailer’s labour practices despite calls from some Labour MPs to strengthen protections.

A woman on a beach holds up a phone with the Shein app open. — Ministers intend to take a hands-off approach to the possible public offering on the London Stock Exchange. (Shutterstock)

Bloomberg

13 November 2024

BoF PROFESSIONAL

The UK government plans to leave scrutiny of Shein’s pursuit of a stock listing in London to the country’s financial regulator, sparing the Chinese fast-fashion retailer the sort of in-depth review of its employment practices that some in the Labour Party want.

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Shein Adds More Banks to Arrange London Listing

Shein has added more banks to help arrange its potential initial public offering that could value the online fashion retailer at £50 billion ($65 billion), potentially one of the biggest listings in London in recent years, people familiar with the matter said.

Shein Plans Investor Meetings Ahead of London IPO

Shein is initiating informal discussions with investors for a potential IPO in London, pending regulatory approvals, as the Singapore-based retailer faces scrutiny over its supply chain practices amidst criticism from UK lawmakers and advocacy groups.

Shein Reveals Child Labour Cases as It Steps Up Supplier Audits

The company said both cases had been “resolved swiftly,” with remediation steps including ending underage employees’ contracts, arranging medical checkups, and facilitating repatriation to parents or guardians as necessary.

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