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Shein is set to face a critical hearing with Hong Kong’s stock exchange committee before its potential IPO. The company has been navigating a complex path to go public over the past three years.
Shein has acquired Everlane, the San Francisco-based direct-to-consumer brand, for $100 million, marking a major consolidation move in the fast-fashion industry.
Shein has filed a copyright infringement lawsuit against Temu in London's High Court, accusing the platform of industrial-scale theft of product images. Temu has abandoned its defense of the contested images but is countering with anti-competition claims.
