Retail giant Shein could be fashioning London stock market revival with biggest listing on record...

A float would be a big boost after a long drought of new listings and welcome change in the wave of companies ditching London for— pronounced She-in — is planning to file a confidential prospectus to the financial regulator as soon as this week, according to Sky News.

Rival retailers have accused Shein of abusing the tax system by sending goods from China to customers’ homes in small parcels and avoiding import duties.fast fashion Some City funds have already raised concerns about how it can really ensure fair treatment of workers.Critics also argue Shein has been built on systemic theft of intellectual property, with small designers accusing the site of ripping off their ideas, while bigger brands Dr Martens, Ralph Lauren and Levis have all sued for copyright infringement.This hurts British retailers who cannot compete because they pay higher taxes.

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Why fast fashion giant Shein eyes potential London stock market floatAnyone who thinks the UK is a soft touch for Chinese businesses should ask what Huawei thinks - the telecoms equipment maker has been barred from the UK's 5G roll-out. London, however, would be a more hospitable listing environment than New York.
Source: SkyNews - 🏆 35. / 67 Read more »