Andrea Felsted, Columnist

London Shouldn't Want a Shein Hand-Me-Down

Investors could face numerous risks, and the retailer’s IPO valuation is flimsy.

June 6, 2024 at 6:47 AM UTC

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

Taking at face value might be unwise.
Photographer: Yuki Iwamura/Bloomberg

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With London increasingly losing out to New York when it comes to initial public offerings and primary listings, it’s little wonder that British authorities are so keen to woo online retailer Shein.

But the UK shouldn’t be accepting the US’s sloppy seconds. If Shein does list in the UK, investors face a raft of risks, from the environmental impact of its ultra-fast fashion to concerns about its sprawling Chinese supply base.