Shein Plans £50bn UK IPO, Reports Say

Chinese fast fashion giant Shein is planning to list shares on the London Stock Exchange, potentially valuing the company at $66 billion. This move comes as Shein faces scrutiny in the US over its business practices and links to China. The company has been criticized for its environmental impact and alleged use of forced labor. Shein recently launched a resale platform in France to improve its green credentials and plans to expand it to the UK and Germany. The UK listing could boost London's financial market, but the company may face regulatory challenges.