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What really wins, the king of fast fashion

What really wins, the king of fast fashion
What really wins, the king of fast fashion
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Rodrigo Arangua / AFP

It is a document decidedly in information. This April 9, the informed revealed that an internal report of the National Commission for Data Protection (CNIL) recommended a of 150 million euros against the giant of Fast Fashion Shein, accused of several violations of the texts protecting the privacy of Internet users. This file opened in 2023 gave rise, as in all procedures of this type, to regular exchanges between authority and representatives of the e-merchant. Very interesting round trips, since they allow you to know more about the weight – and profitability – of the distributor in the . According to his own statements, Roadget Business PTE LTD, Shein’s parent company, has registered a global turnover of $ 18.036 billion in 2022 (around 17 billion euros) for a profit of 376.059 million dollars (353 million euros). A year later, in 2023, the income jumped from 71 % to $ 30.915 billion, the profits being multiplied by 3.5, to 1, 298 billion dollars.

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