Cross-border fast-fashion retailer discloses that US trade regulator is investigating it, as it prepares for flotation
Shein’s business in the US is being investigated by the Federal Trade Commission, the cross-border e-commerce company said in a regulatory filing ahead of its planned Hong Kong IPO.
The filing, which does not specify what the FTC is investigating, appears to be the first time the probe has been disclosed.
Shein, which was founded in China but is headquartered in Singapore, said it is “actively cooperating” with the federal agency.
Image credit: Shein
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