Headlines
Senior UK lawmaker says consumers and investors want truth on China cotton
Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
British consumers and investors seek transparency on Xinjiang cotton in Shein products. Lawmaker Liam Byrne highlights the need for truth as Shein plans a London IPO.
LONDON (Reuters) - The chair of a British parliamentary committee said on Friday that British consumers and investors wanted the truth on whether products with cotton from China's Xinjiang province were sold by online fast-fashion retailer Shein in Britain.
In a letter to the Business and Trade Committee, Shein, which is planning a London initial public offering, clarified that no cotton from Xinjiang is used in products sold in the United States but did not say whether it is used in goods sold in the UK.
"I just want to know the truth and I think British consumers want to know the truth and if that (IPO) moment ever comes I can tell you British investors are going to want to know that truth," Labour lawmaker Liam Byrne told Reuters.
(Reporting by James Davey; editing by Michael Holden)
The main topic is the demand for transparency on the use of Xinjiang cotton in Shein products sold in the UK.
Shein states no Xinjiang cotton is used in US products but hasn't clarified for the UK.
It raises ethical concerns about sourcing and impacts Shein's upcoming London IPO.
Explore more articles in the Headlines category
