Table of Contents
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.’
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investment and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free investment ideas and fund trading
interactive investor
interactive investor
Flat rate investing from £4.99 per month
eToro
eToro
Stock Investing: Community of Over 30 Million
Trade 212
Trade 212
Free and commission-free stock trading per account
Affiliate links: If you purchase a product This is Money may earn a commission. These offers are chosen by our editorial team as we believe they are worth highlighting. This does not affect our editorial independence.
Compare the best investment account for you
