Is Labour putting the shine back into Shein with London-listing on the cards? Shein sells everything from children’s apparel to pet ware and household items By Alex Brummer Updated: 22:00, 13 July 2024 e-mail View comments Shein may be heading for a London-listing Anyone wandering into the lobby of the Peninsula, one of London’s swankiest hotels, last week might have spotted a stylish 42-year-old in a blue designer boiler suit and flowery shirt tucking into a dish of Indonesian noodles. The unassuming figure, with the Silicon Valley-style chatter, is thought to be a huge fan of the UK capital. So much so that he favours the City over New York and over his company’s headquarters in Singapore for the initial public offering of the immense global online fashion brand Shein.
Donald Tang, Shein’s charismatic executive chairman, took the precaution of winning buy-in for a flotation – which could value his company at more than £50billion – from Labour’s front bench when it was in opposition. It seems no accident that he was in London again last week, though members of the new Labour administration, busy enjoying the first flush of power, were otherwise engaged. RELATED ARTICLES Previous 1 Next Carpetright in race for lifeline as it teeters on brink of.
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