Fast-fashion giant Shein is in talks with former UK Chancellor Sajid Javid as it plans a major IPO on the London Stock Exchange.
- Javid, along with other senior figures, is in discussions with Shein’s executive chairman, Donald Tang.
- Shein faces challenges with a New York float and is focusing on London for its IPO.
- The retailer’s IPO could value it at over £50 billion, making it one of the largest in London.
- Shein has not commented on these potential high-profile board additions.
Fast-fashion retailer Shein is reportedly in discussions with former UK Chancellor Sajid Javid. This strategic move comes as the company progresses with plans to publicly list its shares on the London Stock Exchange. This engagement underscores Shein’s strategic redirection towards the UK market amid regulatory hurdles in the United States.
Sajid Javid is among several prominent city figures approached by Shein’s executive chairman, Donald Tang, in recent weeks. The discussions hint at possible roles for Javid, either on Shein’s board or as an adviser to the company. Such high-profile recruitment efforts signal Shein’s determination to cement its position in the global market.
In addition to Javid, Baroness Fairhead, former chair of the BBC Trust, is also on the list of candidates targeted by the company’s headhunters. These potential appointments highlight Shein’s focus on incorporating experienced British leadership ahead of the anticipated IPO.
Shein’s decision to pivot towards London comes after difficulties in obtaining approval from US regulators for its planned New York listing. The anticipated IPO in London could value Shein at upwards of £50 billion, potentially making it the second-largest float in the history of the London Stock Exchange.
Despite the buzz surrounding these developments, Shein has refrained from making any official comments regarding the potential appointments or details of the IPO.
Shein’s strategic engagements reflect its ambitions for a significant presence on the London Stock Exchange.
