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BusinessMember

Shein IPO faces lawsuit from workers’ rights NGO

Shein is facing further obstacles when it comes to pursuing its reported 50 billion pound IPO in the UK. NGO Stop Uyghur Genocide (SUG) is said to be considering legal options to increase pressure on the region’s Financial Conduct Authority (FCA) if a flotation is approved. SUG has issued a 14-day deadline to the FCA to respond to its pre-action...

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BusinessFeaturedMember

Uniqlo boss says brand does not use Xinjiang cotton

Fast Retailing’s chief executive, Tadashi Yanai, has claimed that the company’s core brand, Uniqlo, does not use cotton sourced from China’s Xinjiang region in its products. Yanai addressed the concern to the BBC, to which he confirmed that the company was not utilising cotton from this district, before stating: “It gets too political if I say...

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