Shein Plans IPO Amid Challenges
As reported by Reuters, Shein is contemplating an IPO on the London Stock Exchange (LSE) potentially around April. The decision comes after the company’s halted efforts to list in the U.S. due to legislative worries about its ties with China and labor malpractices.
Resistance from UK Lawmakers
However, Shein’s LSE listing faces opposition. A prominent UK legislator voiced concerns to the LSE over Shein’s supply chain and forced labor issues recently.
Sustainability Concerns
Shein’s sustainability practices have also been criticized. As Time points out, the company is a leading player in fast-fashion, contributing to environmental damage.
Fonte original: Leia a matéria completa no TechCrunch
