Shein, the controversial fast fashion giant whose popularity soared during Covid, may soon tighten its ties with the UK with plans to sell shares in the business on the London Stock Exchange.
The Chinese firm could file the relevant paperwork as soon as this week, potentially valuing the company at $66bn (£51.7bn).
Shein’s formula of offering a huge range of cheap clothes – backed up by campaigns with social media influencers – has turned it into one of the biggest fashion retailers in the world.
But it has faced severe criticism over its environmental practices, as well as allegations around the use of forced labour in its supply chain.
A spokesperson for Shein declined to comment.
In a bid to boost its green credentials, the company launched a resale platform for shoppers in France on Monday, two years after the option first popped up for US customers.
The platform is set to launch in the UK and Germany later, although no date has…
