Human rights groups Amnesty International and Stop Uyghur Genocide are opposing the listing.
Share on linkedin This could lead the company to reconsider its early preference for London over New York, though Shein also has its share ofthat a listing by Shein "would set a worrying human rights precedent" and be a "badge of shame" for the London Stock Exchange .
Within the U.K.'s Labour Party, which met with Shein and has publicly stated that raising investment is part of its mission,"Unless the allegations around Shein are addressed, we should not support their application," Sarah Champion, the Labour chair of the International Development Committee, told ReutersAs a private company, there aren't many ways to hold Shein accountable for the labor practices that its opponents are decrying.
When the SEC has been asked for a comment, it refers to the guidelines on the process and reporting requirements on its website. Shein doesn't anticipate an issue getting China's approval, which it would need for any overseas listing, the source says.Shein isn't the only company in the U.S. or abroad grappling with the alleged presence of forced labor in its supply chain, but it has become the poster child.Share on twitter
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