Shein reportedly agrees to pay $100 million to settle US FTC probe

Reuters, citing a source with direct knowledge, reports Shein agreed to pay $100 million to settle a US FTC investigation into delivery delays and other customer complaints. Shein told Reuters it had “reached a constructive outcome with the FTC” and would share more details; an FTC spokesperson declined to comment. Reuters says the settlement equals 44% of Shein’s second-quarter profit.