Popular Chinese fast-fashion retailer Shein is facing fresh pressure
Popular Chinese fast-fashion retailer Shein is facing fresh pressure after revealing that its US business is under investigation by the Federal Trade Commission (FTC).
According to CNBC, the investigation was disclosed in documents filed as part of the company's planned Hong Kong initial public offering (IPO).
The online retailer did not disclose what the FTC is investigating but said it is cooperating with the regulator and warned that the outcome could have a material impact on its financial position.
The FTC is the US agency responsible for protecting consumers from unfair or deceptive business practices.
