Shein discloses it’s under investigation by the FTC

Shein’s U.S. business is under investigation by the Federal Trade Commission, the fast fashion giant revealed in documents connected to its upcoming Hong Kong IPO. In the filing, the Chinese-founded company didn’t say what the FTC is investigating, but the disclosure appears to be the first time the probe was made public. “We are actively cooperating with the FTC … Although it is possible that we may reach a settlement with the FTC in connection with the investigation, we currently cannot predict the probable outcome of the investigation and the timing of such outcome, and we cannot rule out that…