SheIN canceled plans to open a warehouse in the United Kingdom, which led to an increase in its possibility to obtain a list of 50 billion pounds in the London Stock Exchange.
The rapid fashion giant was exploring warehouse sites on a large scale in the East Midlands, including Derby, Daventry, Coventry and Castle Donington, but now stressed that there are “no plans” to move forward.
This step comes amid organizational pressures for installation in the United Kingdom, the United States and the European Union, as well as intense scrutiny on the transparency of the supply chain in Shin and ESG credit papers.
The Shin direct model to the consumer relies on the shipment of small tax packets from China, while taking advantage of the minimum exemption from the United States, which allows beams less than $ 800 (645 pounds) to enter exempt from fees. However, former US President Donald Trump recently announced plans to close this gap, a decision – if implemented – may significantly affect the Shin operations.
Meanwhile, the European Union is said to be planning similar tax reforms, threatening Sheen’s ability to circumvent import duties.
The ambitions of the public subscription in London also overwhelmed the allegations of forced work. Last week, the Stop Uyghur Genocide launched a judicial review aimed at preventing the list, noting the alleged ties to forced work in China – Cented severely, saying it “prohibits forced work in the world supply chain.”
In addition, UK deputies intensified their audit in Shein, as they summoned the company’s executives in front of the Business and Trade Committee last month to answer questions about their sources of sources. When officials refused to confirm whether Chen was cotton sources from China, deputies accused the company of “deliberate ignorance.”
Shin had originally planned to include him on the London Stock Exchange in the first half of this year, while it could have been one of the largest subscriptions in the United Kingdom. However, according to what the company was considering reducing its evaluation to 40 billion pounds, with a decrease in a previous estimate of 50 billion pounds.
Meanwhile, those familiar with the real estate industry suggest that Shane’s Fears ESG deter real estate owners in the United Kingdom, which increases the complexity of their expansion plans.
Despite the challenges, a SHEIN spokesman photographed the U-URUN warehouse, saying: “To support business growth, Shein is constantly exploring storage sites around the world. However, since Shein has no immediate need for a UK warehouse, there are no plans For one.
Due to the presence of organizational, moral and operational pressures, Sheen’s ability to secure the appearance of the stock market in London and expand its scope in the United Kingdom is still in a serious doubt.