Sixteen U.S. states ask Securities and Exchange Commission to look into China-founded fast-fashion retailer Shein’s compliance with forced labour laws
Republican attorneys general from 16 U.S. states asked the Securities and Exchange Commission to audit China-founded fast-fashion retailer Shein’s supply chain for the use of forced labor ahead of its potential initial public offering.
Shein, which sells $7 dresses and $5 home goods in more than 150 countries, has moved its headquarters to Singapore but manufactures most of its products in China. Shein has previously said it does not plan to IPO this year and has zero tolerance for forced labor. Shein was not immediately available to comment on the letter or its IPO plans.
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