Shein Agrees to Pay $100 Million to Settle US FTC Probe
Chinese-founded fast-fashion retailer Shein has agreed to pay $100 million to settle an investigation by the US Federal Trade Commission (FTC) over delivery delays and other customer complaints, according to a source familiar with...
France Imposes New Fees on Shein, Temu to Curb Fast Fashion
France has begun imposing new fees on ultra-fast-fashion products sold by e-commerce platforms including Shein and Temu, in a bid to curb overproduction and reduce the environmental impact of cheap clothing. The charges, which...
Shein Valuation Slumps 70% as Hong Kong IPO Tests Investor Confidence
Online fast-fashion giant Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) through its Hong Kong IPO, valuing the company at nearly $27 billion—about 70% below its $100 billion private-market peak in...