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Shein to Pay $100 Million FTC Settlement | Markets & Money News
Fast-fashion retailer Shein has agreed to pay $100 million to settle a Federal Trade Commission investigation related to delivery delays and customer complaints. This settlement accounts for about 44% of Shein's second-quarter profits, underscoring the seriousness of the issues they face. The company, which has seen a 22% decline in shares since its September listing, is also under examination by the European Commission for illegal products and previously faced fines for cookie misuse in
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