Fast fashion retailer Shein has been fined €40 million ($47.17 million) by France’s antitrust watchdog for allegedly having misleading discounts and unclear environmental claims, despite the company’s claim that the issues were fixed a year ago.
Following a nearly year-long investigation, officials said the brand misled consumers about discounts and made vague claims regarding its environmental impact.
The fine was accepted by Infinite Style E-Commerce Co Ltd (ISEL), which oversees Shein's sales operations.
In response, China-founded Shein stated that it was informed of the concerns in March last year and resolved them within two months.
"All of the points raised have therefore been resolved more than a year ago," Shein said in a statement. "ISEL takes very seriously its legal and regulatory obligations in France."
Disruptions to shipping through the Gulf are creating an unexpected opportunity for Pakistan, as conflict around the Strait of Hormuz prompts vessels ...
Russia and Azerbaijan have declared their bilateral relationship fully normalised after talks between Russian Foreign Minister Sergey Lavrov and Azerb...
The U.S. military said it completed a sixth consecutive night of strikes on Iran late on Thursday, targeting logistics infrastructure and maritime ca...
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
The European Union has introduced new fees on low-value e-commerce imports from China, marking its first major step to tackle what it says is unfair competition from online retailers such as Shein, Temu and AliExpress.
French department store BHV and online fast-fashion retailer Shein have ended their partnership, seven months after the launch of a permanent Shein shop in Paris triggered controversy and widespread criticism.
Chinese E-commerce giant Shein faces another set back as French Ministry of Finance initiates a procedure to suspend its platform in France until it can demonstrate compliance with the country's laws.
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
Nineteen years ago, at Barcelona's Camp Nou, Lionel Messi posed for a charity photo shoot with a five-month-old baby he had never met. On Sunday, that baby, Lamine Yamal, will face Messi in the 2026 FIFA World Cup final as Spain take on Argentina. A full-circle football story.
The half-time interval during the 2026 FIFA World Cup final is expected to be extended to around 30 minutes to accommodate the tournament’s first-ever major half-time concert.
Russia's government is prioritising fuel supplies for vehicles delivering food to major retail chains as the country grapples with nationwide fuel shortages caused by repeated Ukrainian drone attacks on its energy infrastructure.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
A senior U.S. commerce official told lawmakers on Tuesday that only a small number of Nvidia's H200 artificial intelligence chips have been shipped to China so far, as scrutiny grows over Washington's export controls on advanced technology.
Oil prices rose nearly 3% on Tuesday to their highest level in four weeks as the United States and Iran stepped up attacks around the Strait of Hormuz, adding fresh uncertainty to global energy supplies.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment