Shein settles for 100 million dollars in US complaint investigation

Shein pays 100 million dollars to settle an investigation by the US Federal Trade Commission. The investigation was launched due to delivery delays and other customer complaints, but the ultra-fast-fashion group says it has reached a constructive resolution, without providing further details.

Complaints about deliveries

The settlement amounts to 44% of Shein’s second-quarter profit. In its Hong Kong IPO filings in July, the company had already warned that the U.S. investigation could result in significant payments.