Retail

Shein begins routing over €1bn in sales through Irish entity

Infinite Styles Ecommerce Co Limited, a firm owned by the fast fashion giant, recorded more than €1.53 billion worth of sales in 2021

Shein: the fast fashion giant estimated that €18 million worth of revenue made by the company’s Irish firm will have to be refunded to customers

Shein, the fast fashion giant, has started to funnel more than €1 billion worth of sales through an Irish entity it established in 2020.

Infinite Styles Ecommerce Co Limited, a firm owned by Shein that has four staff, recorded more than €1.53 billion worth of sales in 2021, new financial filings have shown.

Documents lodged with the Irish Companies Registration Office show the company, which is ultimately owned by a Cayman Islands-based firm, recorded an ...