Shein, a fast-fashion retailer, is seeking former UK Chancellor Sajid Javid for a strategic role in its planned London IPO.
- Shein seeks leadership from Sajid Javid amid its London Stock Exchange debut plans, pivoting from US regulatory issues.
- Discussions involve Shein’s executive chairman and several senior figures, including Javid, for potential board positions or advisory roles.
- Baroness Fairhead is also being considered by headhunters for Shein’s strategic positions as it aims for a significant stock market debut.
- A London IPO could value Shein at over £50 billion, marking it as one of the largest in UK history.
Fast-fashion giant Shein is in talks with former UK Chancellor Sajid Javid as it plans a public listing on the London Stock Exchange. This move comes amidst challenges in gaining approval from US regulators for a New York IPO.
Recent reports indicate that Javid is one of several high-profile individuals engaged in discussions with Shein’s executive chairman, Donald Tang. The potential involvement could see Javid joining Shein’s board or taking on an advisory role with the company.
Additionally, former BBC Trust chair Baroness Fairhead has been identified as a candidate, reflecting Shein’s robust effort to secure influential figures in its leadership structure. These discussions are part of Shein’s strategic focus on the London market, looking to capitalise on its potential.
The retailer’s prospective IPO in London is anticipated to value it at approximately £50 billion or more. If successful, this would position Shein’s float as the second-largest in UK’s stock market history.
Despite the prevalent discussions, Shein has not commented on these developments. Nevertheless, the company’s intention is clear as it seeks to strengthen its leadership ahead of the significant IPO.
Shein’s strategic recruitment for its London IPO underscores its ambitions for a substantial market presence.
