14 Hrs
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الاقتصادية
France escalates action against Shein and Timo
France has begun implementing new fines on fast fashion companies, such as Shein and Timo, with the aim of reducing the overproduction of low-priced clothing sold through e-commerce platforms. This move comes as part of a law passed in June designed to address environmental concerns related to excessive consumption. Fines range from 0.25 euros for a pair of underwear or socks to 12 euros for a coat, with a maximum cap of no more than 50% of the pre-tax sale price. The penalties are calculated based on the size and price of the products, with potential increases starting in 2030. France's step is part of broader environmental efforts, despite criticism from Chinese companies and fashion industry leaders. It also includes new regulations for the disposal and recycling of clothing, aimed at reducing the environmental impact of the industry.
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