Shein Reportedly Keeps Option to List in Hong Kong as Backup

This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)
This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)
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Shein Reportedly Keeps Option to List in Hong Kong as Backup

This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)
This photo taken on June 11, 2024 shows employees walking through the lobby of the fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. (Photo by Jade GAO / AFP)

Online fast-fashion group Shein is keeping alive a fallback option to list in Hong Kong despite filing for a London listing, the Financial Times reported on Friday, citing people familiar with the situation.
The company confidentially filed papers with Britain's markets regulator in June, two sources told Reuters on Monday, kicking off the process for a potential London listing later this year.
The news has triggered strong opposition from human rights groups in the UK over concerns about Shein's labor practices. Amnesty International UK said the potential London initial public offering would be a "badge of shame" for the LSE.
Shein's plans remain in flux and there is no certainty that it will end up listing in London even if that is the company's current focus, the FT report said.
The company did not immediately respond to a Reuters request for comment.
Shein, which was valued at $66 billion in a fundraising round last year, began to explore a listing on the London Stock Exchange early this year, Reuters reported in May, citing sources. Its original plan to list in New York came unstuck following opposition from US lawmakers.
Some senior British lawmakers have also questioned Shein's suitability and called for greater scrutiny of its labor practices, supply chain and use of an import tax exemption.



Prada's Brand CEO Gianfranco D'Attis to Quit

FILE PHOTO: People walk past the store of Italian luxury fashion house Prada on 5th Avenue in New York City, US, May 23, 2025. REUTERS/Adam Gray/File Photo
FILE PHOTO: People walk past the store of Italian luxury fashion house Prada on 5th Avenue in New York City, US, May 23, 2025. REUTERS/Adam Gray/File Photo
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Prada's Brand CEO Gianfranco D'Attis to Quit

FILE PHOTO: People walk past the store of Italian luxury fashion house Prada on 5th Avenue in New York City, US, May 23, 2025. REUTERS/Adam Gray/File Photo
FILE PHOTO: People walk past the store of Italian luxury fashion house Prada on 5th Avenue in New York City, US, May 23, 2025. REUTERS/Adam Gray/File Photo

Prada's brand CEO Gianfranco D'Attis will leave the Italian luxury firm at the end of the month by "mutual agreement", Prada said on Sunday.

Prada Group's CEO Andrea Guerra will take on the role of brand CEO on an interim basis, the company told Reuters.

The news was first reported by fashion trade publication WWD.

Luxury fashion has seen several changes in senior leadership and creative directors.

Luxury goods giant Kering, which owns Gucci, last week named Renault boss Luca de Meo as its new CEO, replacing Francois-Henri Pinault, who has led the heavily indebted family firm since 2005.

Top luxury houses are also betting on a new design direction to help rekindle interest from shoppers, who have pulled back on fashion as prices rise.

Earlier in June, LVMH-owned Dior appointed its menswear designer, Jonathan Anderson, to also head womenswear designs and haute couture, replacing Maria Grazia Chiuri.

Kering in May appointed former Valentino designer Pierpaolo Piccioli as creative director of Balenciaga, replacing Demna, who was taking up the chief design job at Gucci.

Designer changes have also taken place at Chanel, Versace, Valentino and LVMH-owned Celine among others.