Frasers Group in talks to sell troubled Missguided to Chinese fast fashion giant Shein

Frasers Group in talks to sell Missguided to Shein, a major fast fashion player founded in China.
Frasers bought Missguided for £20m last year after it collapsed into administration.
Shein has grown rapidly during the pandemic due to rise in online shopping. Valued around $66bn.
Speculation that Shein will seek a US stock market listing.
In May, US lawmakers called for probe into Shein over forced labour claims concerning China's Uyghur minority.

bbc.com

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Posted 9/17/2023, 11:20:00 AM