Shein checks urged after refusal to answer 'basic' questions

Published On Jan 10, 2025, 3:47 PM

The London Stock Exchange (LSE) is facing scrutiny over its vetting procedures for companies seeking to list, particularly in light of concerns about Shein's supply chain practices related to forced labor allegations. Liam Byrne, chair of the Business and Trade Committee, expressed profound concern over the lack of transparency from Shein regarding whether it sources cotton from the Xinjiang region, known for human rights abuses against Uyghur Muslims. Despite Shein's rapid growth and plans for a substantial UK listing, the company's evasiveness during a recent committee hearing has raised red flags regarding its compliance and ethical sourcing. This scenario highlights ongoing tensions between fast-fashion brands and human rights issues, with potential implications for their market acceptance and regulatory scrutiny.