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Lawmakers call on SEC to asses Shein supply chain before IPO

Lawmakers call on SEC to asses Shein supply chain before IPO

a year ago
Anonymous $KxGqLmj_R3

https://apnews.com/article/shein-forced-labor-sec-fast-fashion-d93875c124c0c7421f6d3e52491c2e47

NEW YORK (AP) — A bipartisan group of two dozen lawmakers is asking the Securities and Exchange Commission to put the brakes on an initial public offering by Chinese fast fashion retailer Shein until it verifies it does not use forced labor from the country’s predominantly Muslim Uyghur population.

Shein hasn’t said whether it plans to go public this year, but some news outlets have reported in the past few months that the company is raising money in anticipation of a U.S. listing in the second half of this year.