Shein to pay $100M to settle US FTC investigation

Shein has agreed to pay $100 million to settle a US Federal Trade Commission investigation into delivery delays and other customer complaints. The amount equals 44% of the company's Q2 profit.

• Shein will pay $100M to settle the FTC probe
• The sum equals 44% of Shein's Q2 profit
• Investigation focused on delivery delays and customer complaints