The Chinese e-commerce site Shein is getting closer to being listed on the London Stock Exchange. According to information to The Times, the intention is for the listing to take place at the beginning of next year and the company will hold talks with potential investors in the coming weeks.
Shein has grown significantly in the fashion industry in recent years and become a serious competitor to traditional clothing companies such as H&M and the Spanish retail chain Zara. The company's business idea is to mass-produce and launch thousands of new clothing items daily, which has however sparked strong criticism from a sustainability perspective. For example, in France, parliament has voted in favor of a new bill that would ban advertising linked to companies like Shein.
The Times writes that the listing may be delayed as the company also needs to get clearance from the Chinese authorities.
