On July 3, the French Ministry of Economy fined ultra-fast fashion giant Shein 40 million euros for misleading business practices following an investigation by the General Direction for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF). The investigation, which was based on a pricing analysis of “several thousand products displayed as discounted (sale prices, crossed-out prices and percentage discounts)” from October 2022 to August 2023, revealed that 57% of the advertisements...
Shein must pay €40 million fine for misleading business practices
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