Shein plans to turn Turkey into a big supplier of its fast-fashion clothes in Europe By Emily Hawkins Updated: 21:50, 29 June 2024 e-mail View comments Stylish: Pop star Anitta in an advert for Shein Shein plans to turn Turkey into a big supplier of its fast-fashion clothes in Europe in a move it hopes will reduce criticism of its use of Chinese labour. It comes as the firm presses on with plans for a £50 billion flotation on the London Stock Exchange – despite growing concerns from Beijing. Shein has reportedly filed papers with the Financial Conduct Authority that are the first step to a listing.
But The Mail on Sunday revealed last week that Chinese officials are unhappy with the level of criticism that Shein has faced since revealing its plans, and may even push the company to list in Hong Kong instead. Critics say Shein uses suppliers in China who exploit low-paid garment workers allowing it to sell its clothes at knockdown prices. RELATED ARTICLES Previous 1 Next Shein's £50billion London stock market float could be.
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.. Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account The British Fashion Council said the float was a 'significant concern'.
Shein, based in Singapore, plans to use more sup.