After waiting for months, the Ultra-Fast-Fashion dealer Shein received the approval of the British Financial Conduct Authority (FCA) for his IPO in London.
After submitting the documents for his IPO in June 2024, Shein was faced with several obstacles. In view of doubts to the rights of the employees in his supply chain, a British parliamentary committee interviewed the company. In February, the examination led to the detection of two cases of child labor among its suppliers: inside. The legal advisor of the company, Yinan Zhu, said that one follows a “zero tolerance towards child labor” and precisely specified that the company would continue to “tirelessly” work to ensure that these cases were “completely” “eliminated” from its supply chain.
In addition, the British activist group Stop Uyghur Genocide (SUG) had announced in February 2025 to initiate a judicial review against the Financial Conduct Authority (FCA) if they were to approve the IPO (IPO) from Shein on the London Stock Exchange (LSE).
Nevertheless, the Reuters news agency learned on Friday, April 11th that the FCA approved Shein’s IPO. The IPO (Initial Public Offering) must now receive further approval. Shein also has to obtain the approval of the Chinese supervisory authorities, in particular the China Securities Regulatory Commission (Chinese security supervisory authority).
Shein: Between success and criticism
Shein is now one of the most common fashion companies in the world. In France alone, the fast fashion giant in 2024 became a fashion company, “in which the Franzos: the inside spent most”, according to a study by the Joko shopping app, which is based on the anonymized bank details of 700,000 people.
However, the retailer is criticized by a majority of fashion experts: inside and many consumers: criticized on the inside. In particular, he is accused of lack of transparency in his supply chain and the colossal amount of cheap items, which he produces and that counteracts more responsibly towards the environment.
In his last round of financing in 2023, the company based in Singapore was rated $ 66 billion.
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