The retailer is reportedly close to confidentially filing a prospectus for the listing on the London Stock Exchange to the Financial Conduct Authority as early as this week.
Labour confirmed a report that its MPs had met the retailer, among "a range of companies including Shein that are looking to invest or list in Britain". A spokesperson for the party said: "Raising investment, productivity and growth is one of Labour's missions for government."
However, the listing could prove politically divisive. Shein's decision to opt for London comes after an initial effort to float in New York was derailed when politicians and regulators raised concerns about tensions between Beijing and Washington.
Senior politicians, including three parliamentary committee chairs, have questioned efforts to woo Shein, and raised concerns about labour conditions in its supply chains.
This story is from the June 04, 2024 edition of The Guardian.
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This story is from the June 04, 2024 edition of The Guardian.
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