Shein Faces Labor Issues Before £50bn Listing

Shein's 2023 sustainability report revealed two cases of child labor and instances of wage violations among its suppliers, prompting the company to tighten its supplier policies. The report arrives as Shein prepares for a potential £50bn listing on the London Stock Exchange, facing scrutiny from labor rights groups and politicians. Previously, Shein's plans for a New York listing were halted due to similar concerns. The company has since implemented immediate termination of contracts for any violations involving forced or child labor and increased its audits significantly, aiming for 100% third-party verification. Despite these measures, allegations of forced labor and excessive working hours persist, raising ethical concerns about the company’s practices.