Shein to launch €200mn fund to tackle fashion waste as it awaits IPO approval

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Financial Times 1w ago

Shein to launch €200mn fund to tackle fashion waste as it awaits IPO approval - Financial Times

Quick Summary:

In 2022 it launched a re-sale platform for clothes in the US that is now also available in the UK and Europe, with more than 115,000 pre-owned items listed for sale, Shein said.

Shein had a meeting with the new business secretary, Jonathan Reynolds, before last week’s general election in which Labour won a landslide.

Labour has previously said London should welcome a Shein flotation because it would impose higher regulatory standards on the company than elsewhere.