Fast-Fashion Retailer Temu Sues Rival Shein Over US Antitrust Law
July 18, 2023
Reuters
Chinese e-retailer Temu has filed a new lawsuit against rival Shein, accusing the fast-fashion company of violating U.S. antitrust law in its dealings with clothing manufacturers. Temu alleges that Shein, with its $66 billion valuation, has abused its market power by pressuring manufacturers to shun Temu and forcing them to sign loyalty oaths. Shein denies the allegations, stating that the lawsuit is without merit. The lawsuit is the latest development in an ongoing legal battle between the two competitors in the fast-fashion market.
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