Shein is exploring warehouse opportunities in the UK as it gears up for a potential London Stock Exchange listing.
- The etailer is considering a site within the “golden logistics triangle” in the Midlands, needing a space of 300,000 to 400,000 sq ft.
- Over the past months, Shein representatives have viewed approximately ten sites in areas such as Derby, Daventry, Coventry, and Castle Donington.
- The decision on the warehouse will align with Shein’s stock market debut and negotiations with current provider Super Smart Service.
- A final choice on location is anticipated by year’s end, with operations starting by the third quarter of next year.
Shein is actively exploring the possibility of establishing its first UK warehouse within the Midlands region. The brand is reportedly seeking a substantial space, ranging between 300,000 to 400,000 square feet, in the strategic area known as the “golden logistics triangle.”
In the past few months, representatives from Shein have conducted approximately ten site visits across different locations including Derby, Daventry, Coventry, and Castle Donington, reflecting the company’s commitment to finding a suitable facility.
The decision regarding the UK warehouse is expected to coincide with Shein’s anticipated listing on the London Stock Exchange. This move is further complicated by ongoing discussions with Shein’s current logistics partner, Super Smart Service, which currently handles UK orders from Cannock, Staffordshire.
Shein aims to finalise its decision regarding the warehouse location towards the end of this year. The prospective site is projected to commence operations by the third quarter of the next year, pending the results of their stock market flotation.
The etailer has recruited property agents JLL and Savills to assist in navigating this significant step forward. There are reports of a prospectus in preparation for review by the UK Financial Conduct Authority (FCA), which is a pivotal step towards a rumoured £50 billion flotation on the London Stock Exchange.
Previously considering a New York listing, Shein has shown increased interest in the London Stock Exchange, particularly following discussions with former UK Chancellor Jeremy Hunt earlier this year. This strategic shift highlights Shein’s adaptation to evolving market opportunities.
Shein is poised to make significant strides in the UK market through its strategic warehouse plans and potential stock market listing.
