Is Shein lining up Sajid Javid for key role after London listing?

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Is Shein lining up Sajid Javid : Shein, the global fashion giant known for its fast-fashion business model and online retail platform, is reportedly in talks with another former minister as it prepares for a possibly historic initial public offering (IPO) in London. This follows in the footsteps of The Very Group, which appointed former government minister Nadhim Zahawi as its chairman.

 As reported by Sky News, Shein has reportedly initiated discussions with Sajid Javid, the former chancellor of the exchequer. This comes on the heels of several other high-profile figures, including Javid, who have been engaged in talks with Shein’s Executive Chairman, Donald Tang, over the past few weeks. If an agreement is reached, Javid could potentially join Shein’s board of directors or serve as an advisor to the Chinese corporation, a move that would undoubtedly add significant value to Shein’s operations, according to sources cited by Sky.

 However, Javid is one of many who Shein may cast. Rumor has it that Baroness Fairhead, who previously chaired the BBC Trust, is also being considered.

 According to a source close to Shein, the participation of such high-profile individuals in their talks demonstrates the company’s dedication to strong corporate governance and its goal of being listed in London.

 After saying he won’t run for re-election in the next general election, Javid is considering options beyond politics, even though he hasn’t commented.

 Despite the talks, it should be mentioned that Shein has yet to confirm a London listing, and Paris was also explored. Rumor has it that Shein has rethought its ambitions to go public in New York after seeing the difficulties encountered by Chinese-affiliated businesses in the US market. But a London IPO is looking increasingly probable, which might put Shein’s valuation at £50 billion or perhaps higher. However, Shein’s IPO plans are not without challenges, including potential regulatory hurdles and market volatility, which could impact the company’s valuation and investor sentiment.

 Amidst the challenges posed by Brexit for the London Stock Exchange, the British government is showing a strong interest in enticing Shein to establish its IPO in the capital. This commitment was recently reaffirmed in discussions between Shein’s Donald Tang and Chancellor of the Exchequer Jeremy Hunt. A successful IPO in London could prove even more enticing for Shein if the FTSE 100 index in London continues to outperform, potentially boosting investor confidence in the company.

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