Shein to pay US$100 million in FTC settlement
Source: The Straits Times
Published on: 2026-10-23 14:40
Shein said it had "reached a constructive outcome with the FTC", while it still faces EU and French investigations and falling app downloads. LONDON - Chinese fast-fashion giant Shein has agreed to pay US$100 million (S$127.8 million) to settle an investigation by the US Federal Trade Commission (FTC) over delivery delays and other customer complaints, a source with direct knowledge told Reuters on Oct 23. The settlement, equivalent to 44% of Shein's second-quarter profit, is the latest to hit the online fast-fashion retailer facing a regulatory and tax crackdown in Europe and the US that has slammed the brakes on its growth. Shein, founded in China though headquartered in Singapore, said in a statement to Reuters that it had "reached a constructive outcome with the FTC", and that additional information would be shared soon. An FTC spokesperson declined to comment. The company had wa...
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