(Reuters) -The European Union will escalate the investigation against fast -fashioned retail stores early next week in detailing alleged violations of the safety of products and other consumer laws that can lead to fines, Bloomberg News reported on Friday, citing people familiar with the matter.
The report said that issuing the so -called joint position by the European Commission and National Agencies will be the next step in achieving European consumer protection in the retail seller in Singapore.
In February, the European Commission said that Shin and Timo will be responsible for unsafe and dangerous products on their platforms and will be achieved whether Shin violates the rules of consumer protection in the European Union.
She added that if Shane does not solve alleged violations, he may face fines of at least 4 % of her annual sales in the European Union.
Bloomberg said that the European Union’s allegations against Shin were still in a draft and could change before they were announced or faced with possible delays.
Shin and the European Union did not immediately respond to Reuters requests for comment. Reuters was unable to immediately verify the details of the report.
Shein has grown quickly all over the world by shipping inexpensive products directly to consumers and is already exposed to pressure in the European Union. The bloc proposed a 2 euro processing fee ($ 2.27) per package for low -value e -commerce shipments.
In February, the bloc unveiled plans to remove the treatment exempt from fees from low -value charges of no more than 150 euros, but not until 2028.
The European Union’s customs authorities dealt with about 4.6 billion low -value packages purchased online in 2024, 91 % of which came from China and doubled from 2023.
($ 1 = 0.8801 euros)
(I participated in the reports of Rose Rose Abraham and Kengik Ghosh in Bangaluru; Tahrir by Sinatia Ostman)
https://media.zenfs.com/en/reuters-finance.com/7775735aa7c6a20d1ff2afcdd5547d59
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