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Fast-fashion retailer had planned New York listing before US lawmakers raised concerns over forced labour allegations
The boss of the London Stock Exchange Group has denied lowering standards in order to lure the fast-fashion retailer Shein’s £50bn IPO to London, as he hailed a stronger pipeline for UK listings.
Shein, which operates largely from China but is headquartered in Singapore, has come under fire from workers’ rights campaigners concerned about a lack of transparency regarding its supply chain and allegations its suppliers have used the forced labour of Uyghurs in China’s Xinjiang region.
