Exclusive-Fast-fashion group Shein agrees to pay $100 million to settle US FTC probe

Fast-fashion group Shein has agreed to pay $100 million to settle a probe conducted by the US FTC. This settlement comes as the company faces mounting regulatory pressure within the United States. The agreement resolves the investigation into the brand's business practices. By paying the specified amount, Shein aims to conclude the legal scrutiny from the federal agency while navigating an increasingly complex regulatory environment regarding its operations and compliance standards in the American market.