Questions: Shein ’s practices are being scrutinised forward of a possible £50bn London inventory market itemizing
Shein could also be whacked with customized duties by the European Union.
The Chinese language style large’s practices are being scrutinised forward of a possible £50billion London inventory market itemizing.
Beneath EU guidelines, abroad retailers don’t pay duties on sending parcels beneath £127 (€150). However regulators say the amount is testing customs’ limits and plan to tweak guidelines.
Final yr, 2.3bn items under the €127 have been set to the EU. Based mostly in Singapore, Shein depends on suppliers in China to make its cut-price garments and has confronted criticism over its therapy of workers.
Shein stated: ‘Shein is investing thousands and thousands in strengthening governance and compliance throughout our provide chain.’
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