Home Money Chinese fashion giant Shein faces a blow from EU tariffs ahead of a possible £50bn London flotation

Chinese fashion giant Shein faces a blow from EU tariffs ahead of a possible £50bn London flotation

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Questions: Shein's practices are being scrutinized ahead of a possible £50 billion London Stock Exchange listing

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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