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Customs reforms would oblige online platforms to provide data before goods arrive in the EU, allowing officials to better control and inspect packages, according to a draft proposal seen by FT.
(Reuters) -Fast-fashion company Shein is set to face scrutiny under the EU's rules framed to clamp down on harmful and illegal content online, Bloomberg News reported on Friday citing people ...
That loophole has been a boon for Shein, a retailer known for fast fashion that was founded in China in 2012 but is now based in Singapore, and Temu, which was founded in Boston in 2022 but is ...
In December 2023, Temu sued Shein again, alleging illegal interference with its suppliers. [ 17 ] In February 2024, Temu issues a counterclaim in the London High Court, accusing Shein of breaking British competition law by tying suppliers of fast-fashion products to exclusive agreements, a claim it values at 4.2 million pounds ($5.5 million ...
Ursula von der Leyen proposed a "new Digital Services Act", in her 2019 bid for the European Commission's presidency. [6]The expressed purpose of the DSA is to update the European Union's legal framework for illegal content on intermediaries, in particular by modernising the e-Commerce Directive adopted in 2000.
As of October 2020, Shein was the world's largest online-only fashion firm. [12] Shein was noted for being an early adopter of TikTok as a promotional tool, and the firm's ability to advertise viral items boosted its popularity. [6] By November 2021, Shein grew from a company valued at $15 billion to one valued at $30 billion. [12]
Then there’s Shein, the online fashion retailer that is ringing up more than $30 billion in annual sales, which is more than its 80-year-old rival H&M, and which could soon surpass the annual ...
Attorneys for Shein wrote in the new complaint that at least one Temu employee stole “valuable trade secrets” from Shein that identify best-selling products and internal pricing information.