Beijing gets cold feet over Shein's London listing Mail on Sunday recently revealed British Fashion Council’s concerns over the float By Patrick Tooher And Francesca Washtell Updated: 22:01, 22 June 2024 e-mail View comments Shein may scrap its planned £50bn float in London amid growing disquiet in Beijing Shein may scrap its planned £50billion float in London amid growing disquiet in Beijing over the way the fast-fashion retailer is portrayed in the UK. A series of criticisms levelled at Shein has irked some in the upper echelons of the Chinese government, according to senior City sources. The attacks have come from politicians, the Press, other retailers and investors.
The Mail on Sunday recently revealed the British Fashion Council’s concerns over the float – the biggest planned around the world this year. The influential trade body, whose members include Mulberry and Jimmy Choo, said the listing was a ‘significant concern’ to the industry and that ‘questions remain’ about its business practices. RELATED ARTICLES Previous 1 Next City's hopeful horizon: The fortunes of UK listed companies.
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