Tag #Uyghur Forced Labor

What are the immediate consequences of the FCA's delayed approval of Shein's IPO?

Shein, a Singapore-based fast-fashion retailer, faces delays in its London stock market listing due to the UK's Financial Conduct Authority (FCA) scrutinizing its supply chain practices. This follows a legal challenge by Stop Uyghur Genocide (SUG), alleging Shein's use of Xinjiang cotton, and concerns raised by Britain's Independent Anti-Slavery Commissioner regarding labor practices. The FCA's review is expected to take longer than usual, impacting Shein's timeline for going public.