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moves money Tech-Economic Times September 01, 2026

France targets Shein and Temu with fast fashion fees

France targets Shein and Temu with fast fashion fees
AI Summary

The fees add to Shein's difficulties as the end ​of duty-free access for cheap ecommerce parcels in the European Union and the ⁠U.S. caused ‌the company'svaluation to plunge ahead of its stock market debut in Hong Kong on ​Tuesday. Shein's spokesperson in France, Quentin ⁠Ruffat, has previously said the fast-fashion charges would hurt customers by pushing prices ​up.

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