EU and France clamp down on Shein over illegal items and safety probes. Fast-fashion giant: Chinese platform, global online retailer.
European Parliament members visited China to discuss safety concerns over Chinese e-commerce platforms and the high volume of unsafe products entering the EU. The trip follows the EU's recent overhaul of customs rules targeting illegal goods, especially from China, to improve market access and consumer protection.
QVC Group has filed for Chapter 11 bankruptcy in the U.S., citing declining sales and high debt. The company aims to emerge within 90 days, but warns that its financial situation remains uncertain as it struggles to adapt to changing consumer habits and increased competition.