Italy's competition authority (AGCM) imposed a 1 million euro ($1.16 million) fine on China-founded fast fashion online ...

The decision comes after France fined the retailer €40mn in July over fake discounts and misleading environmental claims.

"U.S. consumers may have fewer choices and goods will become persistently more expensive," one economist said.

Shein turned to London when its IPO prospects in New York started to look tricky. Now, it promises to be one of London's biggest IPOs in recent memory.

This article is for subscribers only. Online fashion retailer Shein’s potential mega listing in London could be just the news the City has been waiting so long to hear.

A mid-$60 billion valuation would place Shein among the London Stock Exchange’s top 15 listed companies by market capitalization, putting it in league with AstraZeneca, BP, Shell, and the bank HSBC.

The Shein share offering would be a boost for London's moribund IPO market. The UK has had just nine new listings this year versus 18 in 2023, according to Dealogic data.

The NRF has reportedly not accepted Shein's application to join the industry body, which could yet influence whether its long-awaited IPO goes to London or New York.

Shein and Rasperberry Pi IPOs could drive new wave of London floats, analyst says Provided by Dow Jones May 14, 2024, 6:18:00 AM ...

LONDON, May 28 (Reuters) - Senior British lawmakers, including the chairs of three parliamentary committees, have questioned fast-fashion giant Shein's suitability for a London stock market ...

Shein is taking initial steps to file on the London Stock Exchange instead, Bloomberg reported, citing unnamed sources who said Shein was also considering listing in Hong Kong or Singapore.

A multi-billion dollar listing by fast fashion label Shein could become London’s biggest ever IPO, although analysts are wary that the plan, revealed by Bloomberg News, may never come to fruition.