Fast-fashion retailer Shein is facing opposition from the Chinese government over its plans to shift some production out of the country, Bloomberg News reported on Tuesday, citing people familiar with the matter.
China’s Ministry of Commerce has reached out to Shein and other companies, advising them against diversifying supply chains by sourcing from other countries, one person familiar with the matter told Bloomberg News.
By Sameer Manekar; Editor: Mrigank Dhaniwala
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The fast fashion retailer’s executive chairman said that an IPO listing would engender public trust and company transparency amid accusations of labour violations.
Content shared from www.businessoffashion.com.
