Shein in talks over a potential float in London

Chinese fast fashion behemoth Shein is in talks with the London Stock Exchange (LSE) about the possibility of a float in the UK capital.

According to Sky News, Shein held talks with bosses at the London Stock Exchange last week, having already filed documents for a New York float next year.

While New York is said to be the most likely Stock Exchange to win the float and a dual float is unlikely, it would be a huge coup for London if Shein did choose the LSE as it would be one the biggest floats in years, if not decades.

Shein was established in 2012 and has quickly gone on to become one of the biggest fashion groups in the world with a valuation of £53.8 billion.

It recently strengthened its ties in the UK with the acquisition of fast fashion retailer Missguided, purchased from Frasers Group, and has revealed plans to open a fashion hub in Manchester, which has become the fast fashion capital of the UK.