FCA pressed to block Shein's London IPO over labour practices

On behalf of Stop Uyghur Genocide

Law firm Leigh Day has written to the Financial Conduct Authority and London Stock Exchange on behalf of Stop Uyghur Genocide demanding the regulator and bourse reject Chinese retail giant Shein's London listing, unless they are satisfied the company's products "are not tainted by forced labour".

Shein has been reportedly looking to IPO in London, after a failed attempt to list in New York earlier this year. Raspberry Pi confirms London listing In the letter, sent on behalf of UK charity Stop Uyghur Genocide, Leigh Day argued that concerns over the company's labour practices in its supply chains, among others, ultimately led to the refusal from the US Securities and Exchange Commission to allow Shein to IPO in New York. "The UK is a signatory to various International Labour Organisation conventions," the letter stated. "Our client is concerned that listing a company on the ...