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Questions: Shein’s practices are being scrutinized ahead of a possible £50 billion London Stock Exchange listing
Shein may be forced to pay customs duties from the European Union.
The Chinese fashion giant’s practices are coming under scrutiny ahead of a possible £50bn listing on the London Stock Exchange.
Under EU rules, foreign retailers do not pay duty for sending packages worth less than £127 (€150), but regulators say the volume is testing customs limits and plan to change the rules.
Last year, 2.3 billion items were shipped to the EU priced below €127. Singapore-based Shein relies on suppliers in China to make its clothes at discount prices and has been criticised for its treatment of staff.
Shein said: ‘Shein is investing millions in strengthening governance and compliance across our supply chain.’
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