Shein Group is preparing to open a warehouse in the UK as it prepares to list on the London Stock Exchange in one of the most anticipated IPOs in recent years.
Ahead of what could be a £50 billion listing in London, the fast-fashion Chinese retailer has started the hunt for a large facility in the Midlands, specifically in the "golden logistics triangle” between York, Harrogate and Leeds.
The Singapore-based group is aiming for a building between 300,000 and 400,000 sq ft, with the possibility of sizes as large as 600,000 sq ft, reports from the Telegraph revealed.
Representatives of the e-commerce group have begun a search in the UK, looking at areas in Derby, Daventry, Coventry and Castle Donington.
Shein's blockbuster IPO has come under criticsm from a range of activists including a UK charity campaigning for Uyghur rights, which claims Shein uses the ethnic minority as forced labour.