Newspapers are excitedly noting this morning that the Chinese managed online fashion group Shein is expected to file a prospectus for a London Stock Exchange listing very soon.<\/p>\n
I am not excited.<\/p>\n
Shein sells very large quantities of clothing that it knows are unlikely to be worn more than a few times, at most. They are intended to arrive in a waste tip sometime very soon after their original purchase.<\/p>\n
Garments that are returned to them are apparently routinely binned and not recycled.<\/p>\n
This is a company that has set out to abuse the planet.<\/p>\n
There are also questions about its tax affairs. It seems to undertake a lot of activity in feeeports.<\/p>\n
I know there have been questions about its employment practices.<\/p>\n
So, why are so many celebrating this company choosing to have its shares listed in London?<\/p>\n
It is very hard to reconcile this choice by the London Stock Exchange with any form of business ethics.<\/p>\n
The most basic question is, do they care?<\/p>\n","protected":false},"excerpt":{"rendered":"