Shein Faces EU Pressure
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Shein urges the European Union to adopt more uniform e-commerce rules, while European textile groups call for additional fees on ultra-fast-fashion imports. Investors also question the companyโs prospects after its Hong Kong debut sends shares down as much as 10%.
Shein calls for more uniform EU rules to support expansion and proposes a single registry
Shein wants Europe to make its e-commerce rules more uniform. Christina Fontana, the companyโs brand director for Europe, the Middle East and Africa, said fragmented enforcement across EU member states makes international expansion especially difficult. Speaking at the 40th Digital Economy and Telecommunications Meeting organized by Ametic in Santander, Spain, Fontana said a company selling acrossโฆ
From AliExpress to Shein, โUltra-Fast Fashion Does Not Help Purchasing Powerโ
Shein, Temu and AliExpress will now have to pay for flooding the French market with new, low-quality products. A penalty took effect on Tuesday, September 1, under a law adopted on July 8 to reduce thโฆ
Textile federation calls for extra levy on fast-fashion goods from Shein and similar platforms
Europeโs textile industry wants the European Union to go further than its new โฌ3 charge on cheap parcels. Euratex, the federation representing European textile associations, is calling for a โฌ10 serviโฆ
Shein Shares Slide at Hong Kong Debut as Investors Question Its Prospects
Shein began trading in Hong Kong with a sharp drop in its shares, highlighting investor doubts about the future of the Chinese fast-fashion company. The stock fell as much as 10% at the opening of traโฆ
Shein disappoints in Hong Kong stock market debut
Sheinโs long-awaited stock market debut in Hong Kong failed to impress investors. Shares fell as much as 8%, putting the online fashion retailerโs valuation at roughly $24 billion. The weak opening reโฆ
Shein shares plunge 10% in Hong Kong debut after $1.7 billion IPO
Sheinโs long-awaited Hong Kong debut began with a sharp fall, as shares dropped 10% from the fast-fashion retailerโs listing price. The company raised $1.7 billion, but its market valuation stood at aโฆ