The company’s plans Donald Trump Springfield Horror Stories Halloween T-Shirt . to list in New York were derailed after US lawmakers raised concerns about alleged labour malpractices and lawsuits from competitors. However, Shein has yet to face formal opposition in the UK. The retailer reportedly filed papers to float on the London Stock Exchange in June, and secured support for this from the Labour party weeks before the July election. Shein, based in Singapore but founded in China, said it had tightened its policies for suppliers in October last year so that any child labour or forced labour violations have become grounds for immediate termination of contracts, as first reported by the Times. Annabella Ng, senior director of global government relations at Shein in Singapore, said the updated supply chain policy took into account feedback from regulators and suppliers. It suspended for 30 days orders from the Chinese suppliers involved to the child labour it had identified, giving them a chance to tackle the problem. Shein said it did not resume business with them until they had stepped up efforts to stop the practice.
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Shein’s report Donald Trump Springfield Horror Stories Halloween T-Shirt . said: “Both cases were resolved swiftly, with remediation steps including terminating contracts with underage employees, ensuring the payment of any outstanding wages, arranging medical checkups and facilitating repatriation to parents/legal guardians as needed. “Following appropriate remediation, the contract manufacturers were permitted to resume business.” The company’s report also says that it found that 0.5% of the suppliers checked by its independent auditing partner in China had failed to pay employees the local minimum wage or delayed wage payments. It said in all cases the “errant practices found” were dealt with swiftly. Shein is thought to be preparing a prospectus for approval with the Financial Conduct Authority before a rumoured £50bn float on the London Stock Exchange. Potential plans reportedly include offering shares to its shoppers, an idea adopted by the takeaway delivery company Deliveroo before its ill-fated initial public offering in 2021.
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