Exclusive-Shein IPO: UK regulator decision slowed by NGO challenge, sources say [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
fast-fashion retailer Shein's IPO because it is checking its supply chain oversight and assessing legal risks after an advocacy group for China's Uyghur population challenged the listing, according to two sources close to the matter. Britain's Independent Anti-Slavery Commissioner, a monitoring body of the interior ministry, has also raised concerns within government over a Shein IPO because of allegations about labour practices at its suppliers. Singapore-headquartered Shein, which sells $5 tops and $10 dresses mostly made in China in 150 markets worldwide, filed confidentially with the Financial Conduct Authority in early June for a London listing. Shein is also awaiting approval from China's securities regulator for its London IPO, two separate sources said, adding that the approval would likely come after the FCA's decision. The advocacy group, Stop Uyghur Genocide (SUG), announced a legal challenge in June and sent the FCA a dossier in August alleging that Shein uses cott
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