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Dior Says Collaborating with Authorities after Italian Antitrust Probe

Logos of Dior brand are seen outside a Dior store in Paris, France, March 3, 2017. (Reuters)
Logos of Dior brand are seen outside a Dior store in Paris, France, March 3, 2017. (Reuters)
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Dior Says Collaborating with Authorities after Italian Antitrust Probe

Logos of Dior brand are seen outside a Dior store in Paris, France, March 3, 2017. (Reuters)
Logos of Dior brand are seen outside a Dior store in Paris, France, March 3, 2017. (Reuters)

Dior is collaborating with Italian authorities and strengthening its checks on its suppliers, the company said on Wednesday, after the Italian competition watchdog said it was probing the luxury group for allegedly misleading consumers over its social commitment and craftsmanship, Reuters reported.

In its first comments since its Italian unit was put under court administration last month, Dior, part of French luxury group LVMH, condemned the illegal practices uncovered at some suppliers and said it had stopped working with them.

The antitrust authority's investigation follows a probe by Milan prosecutors into suppliers of Dior which are accused of having exploited workers to produce handbags for the fashion brand.

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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)
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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.