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The Guardian - UK
The Guardian - UK
Business
Jack Simpson

Shein wins Labour support as it prepares £50bn London listing

Shein London United Kingdom Donald Tang LSE the London Stock Exchange United States
Shein logo and its web shop
Shein reported more than $2bn of profits in 2023, nearly double the $1.1bn in 2021. Photograph: Dado Ruvić/Reuters

The Labour party has indicated its support for Shein’s potential London listing, as the Chinese online fashion company prepares to push the button on the UK’s biggest ever stock market flotation.

The £52bn retailer is reportedly close to confidentially filing a prospectus for the listing on the London Stock Exchange to the Financial Conduct Authority as early as this week.

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