Lawmakers urge SEC to probe Shein's supply chain ahead of IPO

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Written By Jennifer Joslyn

Bipartisan lawmakers have asked the United States Securities and Exchange Commission (SEC) to investigate Chinese fast fashion retailer Shein's business practices for evidence of forced labor from China's Muslim Uyghur population before its reported initial public offering (IPO). The SEC is being asked to conduct an "independent verification" process to certify that the company does not use Uyghur forced labor. Shein has denied any involvement in forced labor and claims to adhere to a strict code of conduct aligned with the International Labour Organization's core conventions.

This would be the second investigation into Shein's business practices this year, with South African regulators launching an investigation in March 2023 into the company's import practices. Shein is reportedly raising money ahead of a U.S. listing during the second half of 2023.

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Jennifer Joslyn
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