Shein, the ultra-fast fashion behemoth, that rose to prominence thanks to scores of exuberant influencers flaunting their “hauls” on social media, is having a trickier time getting likes amongst the financial community. And this, despite its ballooning revenues and healthy profit margins.
Shein’s listing on the New York stock exchange stalled due to repeated red flags around the sustainability of its supply chain and its alarming human rights record. London – hungrier for IPOs, after a slowdown over the last few years – is looking more welcoming, but a listing in the City is not yet a done deal.
