France's antitrust agency said on Thursday it had fined China-founded fast-fashion retailer Shein 40 million euros ($47.17 million) for alleged deceptive business practices including misleading discounts,

Regulators found the fast-fashion retailer, which is facing multiple probes, also made unjustifiable environmental claims

A probe found that Shein raised certain prices before lowering them. Read more at straitstimes.com. Read more at straitstimes.com.