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The Guardian - UK
The Guardian - UK
Business
Nils Pratley

The London stock market dodged a bullet with Shein

Dress form mannequins with Shein logos at a garment factory
Mannequins at a factory in Panyu District, Guangdong province, China. Photograph: Go Nakamura/Reuters

In a parallel world, we might now be preparing for the arrival on the London stock market of Shein, the giant Chinese-founded fast-fashion retailer. Or it could have happened already.

The possibility of a London flotation was a running story during 2024 and into last year as politicians from both main parties engaged in behind-the-scenes wooing. Shein was seen as a shot of tech adrenalin for a listless local listings scene, and an opportunity to advertise the UK’s openness to international capital.

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