SQUAWK/NEWS
Account
Theme
Account
Menu
Live News REGULATION ARTICLE M impact

Shein Agrees to Pay $100 Million to Settle US FTC Probe

Shein agreed to pay $100 million to settle a US Federal Trade Commission investigation into delivery delays and other customer complaints, Reuters reported, citing a source with direct knowledge.

625

By Helen Reid and Jody GodoyChinese fast-fashion giant Shein HKEX:625 has agreed to pay $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…