U.S. Lawmaker Urges 'Extreme Caution' as Fast Fashion Giant Shien Pursues for IPO in U.S. Markets
  • 5 months ago
Representative Blaine Luka-Meyer, has urged extreme caution towards Sheen, a fast-fashion company planning to trade on U.S. exchanges, due to concerns over forced labor and exploitation of U.S. trade laws. Luka-Meyer and other lawmakers sit on a new House committee investigating Sheen’s use of forced labor and its reliance on the trade loophole to ship many small packages to the US without customs checks. Sheen has acknowledged that some of its raw materials come from regions banned due to forced labor concerns and claims to have policies against forced labor and to halt shipments if banned materials are detected.
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