Fast fashion giant drops UK warehouse requirement
Chinese fast fashion group Shein is dropping its requirement for a dedicated UK warehouse with reports that moves in the US to close tax loopholes allowing low value parcels to enter the States tax free could be copied in the UK and EU and hit the ecommerce gaint’s profitability and the value of its controversial potential UK IPO listing.
By Liza Helps Property Editor Logistics Matters
JOINT AGENTS JLL and Savills were purportedly advising on the requirement which saw Shein draw up a shortlist of up and built warehouses between 300 – 400,000 ft2 in the Golden Triangle across locations including Derby, Daventry, Coventry, and Castle Donington as reported by Logistcs Matters in September last year https://www.logisticsmatters.co.uk/Fashion-giant-seeks-UK-warehouses
The requirements is now believed to be on hold and may have been dropped altogether. At present Chinese 3PL Super Smart Service currently handles UK orders from a warehouse in Cannock in the Midlands.
Shein is owned by US-born Chinese entrepreneur Chris Xu, who set up the company in Nanjing in 2008. In 2023 Shein bought UK fashion company Missguided.
