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Shein Reported to Face EU Investigation w/ Potential Fines
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The EU is about to launch an investigation into Shein's compliance with consumer regulations, Bloomberg quoted sources as saying. The results of the investigation could lead to a fine for Shein. The European Commission is said to be leading a coordinated action against Shein by member states' consumer protection regulators, with any potential fines to be decided by national governments. Previously, PDD Holdings (PDD.US)'s Temu and Apple (AAPL.US) faced similar action from the EU for potential violations in November 2024. AAStocks Financial News |
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