Shein to kick off plans for £50bn UK float

By 2024-06-03Science & Tech

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 ... Read even more

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