Shein pledges to invest $271m in UK and Europe ahead of potential London IPO

Shein pledges to invest $271m in UK and Europe ahead of potential London IPO

People check out items in a Shein pop-up store at a mall in Singapore April 4, 2024. REUTERS/Edgar Su/File photo

Fast fashion retailer Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide.

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