Online fashion retailer Shein’s UK sales leap by a third to more than £2bn | Shein

Shein, the online fast-fashion retailer established in China, increased sale in the UK of about a third to more than £ 2bn year, transfer the British Rival Boohoo and close in Asos.

The company, who had been consider a fleet of £ 50 billion On the London Stock Exchange, but is expected that the profit is expected in Hong Kong, 126% uploading £ 3,6m Corporation tax, according to accounts in companies.

Shein, who especially captured, but also moved, including toys including toys and that it had benefited from a Christmas penalty in Liverpool in the UK in the UK.

The strong trade figures are likely to increase in the chances, Rachel Reeves, the line “rule to address the rise of the rapid growing special specialists lowered specific specialists Shein and Temu.

Reeves teases to check the rule, that in the foreign sellers can send in the £ 135 or less to British Shaps, including Simon Wolfson at Simon Roberts at Sainsbury's.

Earlier this month, Graham Bell, the chief board of B & Q, the rule said “Killing the high street more than anything”.

The quick rise from Shein, who bought the Missguided online brand of Mike Ashley's Frassers Group in 2023, has press UK Online Fashion Retailers including Asos And boohoo like low price high street specialists as primary.

Fears of China and Manufacturers' Retailers Dumps goods in the UK have grown since the FS in May revoked his own the minimizing Exception for Chinese-made goods, under which parcels with a value of less than $ 800 (£ 600) sent to individuals were exempt from importing tax. The recently announced plans to shrew the tax return for all countries later this month.

The EU said in February it would phase out of its exemption on doors for low-value pactors.

Established by the ENTERMER CHRIS XUShein is head office in Singapore and runs most of his operations from China, but sells all his goods and has recently began to make in other countries, including Turkey and Brazil.

The retailer, who is the number of his UK employees in the past year, reach a value of $ 100 million in a fundraised-fundraised, causing the third valuable startup in the world.

However, expectations of the appreciation have been struck in the past year of stock in the past year of stock to US YourPor's and concerns about conditions in their offer key.

The Failure of Shein representatives to insure a command of UK-parle MPs in a hearing point that does not contain cotton not produced in the Xinjiangregio, which is linked to forced uyghur, asked a MP to accuse one of “intentional ignorance '.