As Shein, a retailer known for its ultra-low prices, prepares for its initial public offering (IPO), questions about the working conditions at its supplier factories are growing more intense.
Tag: SHEIN IPO
Despite increasing scrutiny of fast fashion from a sustainability perspective, Shein, known as “ultra fast fashion,” has more than doubled its profits to more than $2 billion.
On November 5, Amazon.com Inc. made an important move by cutting fees for merchants selling clothing priced below $20, signaling its readiness to compete on price with Chinese fast-fashion Shein.
On November 27, it was announced that Shein, the giant Chinese fast-fashion retailer, has confidentially filed for an initial public offering (IPO) in the United States.
On May 18, the Wall Street Journal reported that Shein, China’s leading fast fashion brand, has raised $2 billion in funding at a valuation of $66 billion.