Chinese fashion retailer Shein will be expected to meet the same ethical and moral targets as other companies, Business Secretary Jonathan Reynolds said on Sunday. Shein, which was founded in China and headquartered in Singapore, has reportedly filed an application to list on the London Stock Exchange, but the company is facing allegations that some of its clothes could be made with Uyghur forced labour in China. Commenting on the potential listing of Shein in London, Mr.
Reynolds said if a company is involved in forced labour, the question is not where the company lists, but it shouldn’t be doing business in the UK. The minister also said he has concerns over a “loophole” that allows the retailer to avoid paying import duties on small packages delivered directly to customers. After the fast fashion retailer reportedly turned its focus to London, the plan was also met with concern.
Asked whether he would welcome Shein listing in the UK, Mr. Reynolds told Times Radio on Sunday, “I would because where any company is active in the UK, our aspiration should be that we regulate that company from the UK.” Regulation is how the government ensures standards of companies’ practices on labour, tax, or environment, the minister said.
“To be absolutely clear, if any company had forced labour in its supply chain it shouldn’t be doing business in the UK at all, it shouldn’t be a question of where it lists. “I’d absolutely say that no listed company in the UK should ha.
