Fast-fashion group Shein agrees to pay US$100mil to settle US trade probe
Source: Free Malaysia Today
Published on: 2026-10-23 22:55
The settlement over delivery delays and other customer complaints, equivalent to 44% of its Q2 profit, adds to the regulatory and tax pressures facing the online retailer. LONDON: Chinese fast-fashion giant Shein has agreed to pay US$100 million to settle an investigation by the US Federal Trade Commission over delivery delays and other customer complaints, a source with direct knowledge told Reuters on Friday. 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 spokesman declined to comment. The company had ...
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