Shein is planning to list in London in the first half of 2025 providing it secures regulatory approval, sources have said.
According to Reuters, the IPO could be launched as early as Easter.
It comes as Chancellor Rachel Reeves is visiting China this week for talks on economic and financial cooperation, which sources believe could help Shein win regulatory approvals.
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However, the fashion giant’s plans to list in London was called into question this week when it was accused by MPs of “wilful ignorance” following what it labelled a “disrespectful” appearance by Yinan Zhu, Shein’s general counsel for Europe, Middle East and Africa.
In a hearing before the business and trade committee, MPs said they had “almost zero confidence in the integrity” of the Shein’s supply chain after Zhu failed to comment on whether it sources cotton from China, and more specifically, the region of Xinjiang.
Last month, it emerged that the retailer was still waiting for the UK’s financial regulator to approve its IPO after it received challenges about the fast fashion giant’s supply chain.
The Financial Conduct Authority is thought to be checking the retailer’s supply chain oversight and assessing legal risks after an advocacy group for China’s Uyghur population challenged the listing that was filed in June.
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