Chinese retailer Shein got Britain’s financial whizzes into a spin last week when news emerged that it might go public on the troubled London Stock Exchange through a bumper IPO. But the fast-fashion brand is beginning to realize it will find the same resistance in Europe as it has faced in the U.S.
The Singapore-based fashion brand has faced a flurry of regulatory pressure in recent days as competitors and lawmakers on both sides of the Atlantic attempt to stop the company from making its way onto their shores.
Just a few days after a group U.S. lawmakers moved to toughen a tax loophole that lets Shein import its clothes at a cut price, the clothing giant is now facing pushback from competitors in the U.K. and environmentally-minded politicians in France.
France’s environment tax
On Monday, members of parliament (MPs) from France’s ruling party proposed a new bill that…