Sajid Javid, the former chancellor of the exchequer, has reportedly been approached to join fast-fashion giant Shein ahead of its anticipated London Stock Exchange listing.
Javid is said to be “among a number of senior City figures” in talks with Shein executive chair Donald Tang, according to Sky News.
Sources said that if Javid is appointed, it could see him become an adviser or join the fashion retailer’s board.
Former BBC Trust chair Baroness Fairhead is believed to be among the candidates being considered by Shein.
One source close to the business said that the calibre of those being approached reflects the seriousness with which Shein is taking issues of corporate governance as well as the extent of its laser focus on a public listing.
A spokesperson for Javid did not respond to a request for comment from Sky News and Shein declined to comment.
Since leaving government in 2022, Javid has taken on a role at investment firm Centricus, which failed to structure an offer for Chelsea Football Club in 2022.
Today’s news comes as Shein is said to be accelerating its plans for a London Stock Exchange listing after its efforts to float in New York faced pushback and regulatory obstacles from US lawmakers.
Paris is also understood to have been considered by the company as a possible listing location.
An initial public offering is expected to value Shein at around £50bn.
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