According to media reports, the planned IPO of the Chinese online giant Shein will be postponed again. As the news agency exclusively reports, there are further concerns about the supply chain and legal risks that have been raised by a human rights organization that, among other things, advocates for the rights of Uyghurs in China. For this reason, the United Kingdom’s Financial Conduct Authority (FCA) has ordered a postponement of the IPO.
In light of the allegations, Shein declared that she would have a zero-tolerance policy towards forced labor and respect human rights. The company has set up an external ESG consultancy and is using various tests to check the origin of the cotton.
