Shein is reportedly in talks to float on the London Stock Exchange after an attempt to float in New York faced regulatory hurdles.
The company has risen from relative obscurity to dominate the fast-fashion market and is known for ultra-cheap clothing such as dresses, crop tops and bikinis. It has faced allegations of labour malpractices, with tough scrutiny from the US Congress stalling the company's efforts to list in New York.
Rishi Sunak's government has appeared eager to woo Shein to London instead. The company's executive chair, Donald Tang, met the chancellor, Jeremy Hunt, in February.
But senior British politicians said a Shein listing should not be allowed to go ahead while parliament is dissolved for the general election, and the initial public offering (IPO) should receive greater scrutiny.
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Denne historien er fra May 28, 2024-utgaven av The Guardian.
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