Concerns over Shein's employment conditions have prompted the UK-based human rights organisation Stop Uyghur Genocide to initiate a legal effort to thwart the company's proposed London listing, a law firm representing the campaign organisation said on Wednesday.
Leigh Day, a human rights law firm, has written to the Financial Conduct Authority (FCA) in the UK, pleading with the regulator to reject Shein's request to list on the London Stock Exchange (LSE).
"SHEIN has a zero-tolerance policy for forced labour and we are committed to respecting human rights. We take visibility across our entire supply chain seriously and we require our contract manufacturers to only source cotton from approved regions," Shein said in a statement.
The FCA opted not to respond.
Shein's prospective London IPO, according to Amnesty International UK, would be a "badge of shame" for the London Stock Exchange (LSE) due to the fast-fashion company's "questionable" labour and human rights standards. This was said on Tuesday.
According to two people who spoke with Reuters on Monday, Shein secretly submitted documents with the British markets regulator in June, beginning the process for a possible London IPO later this year.
The business has previously declared that it will be making investments to improve supply chain governance and compliance.
The Modern Slavery Act and other laws that are outside of the FCA's purview are not subjects of its investigation or enforcement authority.
(Source:www.usnews.com)
Leigh Day, a human rights law firm, has written to the Financial Conduct Authority (FCA) in the UK, pleading with the regulator to reject Shein's request to list on the London Stock Exchange (LSE).
"SHEIN has a zero-tolerance policy for forced labour and we are committed to respecting human rights. We take visibility across our entire supply chain seriously and we require our contract manufacturers to only source cotton from approved regions," Shein said in a statement.
The FCA opted not to respond.
Shein's prospective London IPO, according to Amnesty International UK, would be a "badge of shame" for the London Stock Exchange (LSE) due to the fast-fashion company's "questionable" labour and human rights standards. This was said on Tuesday.
According to two people who spoke with Reuters on Monday, Shein secretly submitted documents with the British markets regulator in June, beginning the process for a possible London IPO later this year.
The business has previously declared that it will be making investments to improve supply chain governance and compliance.
The Modern Slavery Act and other laws that are outside of the FCA's purview are not subjects of its investigation or enforcement authority.
(Source:www.usnews.com)
