Quick, cheap and not what it seems. Shoppers can have everything they want, and have it for dirt cheap. That's the vision fast fashion brand Shein has sold, and many have bought so much so that the company has filed for an IPO. A retail behemoth, the company is eyeing a $90 billion valuation though that number is up for debate. Shein shoppers usually have the same kind of mindset...“I like the prices, they’re very reasonable. They won’t price-gouge you." While no one can be faulted for looking for a bargain, the bigger concern for shoppers is where the corners are being cut. While it's won fans, it hasn't won over regulators. Shein's IPO comes with plenty of question marks and questionables. Lawmakers, human rights groups, and consumers have criticized everything from the company’s supply chain and working conditions to its copycat designs originating from independent artists. Shein hasn't exactly been an open book either since it's pretty much stuck to its highly secretive approach. Shein still has more work to do before it can win the trust of regulators. Beyond its myriad issues, its CEO remains a mysterious figure who doesn’t give interviews or speak publicly about the company. Yes, Shein is going public, but the saying applies...not everything that glitters is gold https://lnkd.in/eg2xiXbC #shein #fashion #retail #ipo #consumers
