Mary Portas, who reviewed UK high streets for the David Cameron-led coalition government, was speaking as the Say No to Shein campaign’s online petition approached its 35,000 signature goal.
The fast fashion company, which was started in China, is anticipated to aim for an initial public offering (IPO) valuation of £50 billion by late summer or early autumn.
The possibility of listing in London emerged following its rejection in the United States, where Chinese companies are typically met with resistance because of alleged connections to the government.
Early in June, reports surfaced that the business was about to file a prospectus with the Financial Conduct Authority. Later, the Reuters news agency said that the company had taken that action.
The UK government, according to Shein’s detractors, ought to halt the application until it has finished looking into the company’s tax, labor, and environmental policies.
