logo
Italian regulator slaps €1m fine on Shein's Dublin-based European online company

Italian regulator slaps €1m fine on Shein's Dublin-based European online company

Irish Examiner17 hours ago
Italy's competition authority (AGCM) imposed a €1m fine on China-founded online fast fashion retailer Shein on Monday for misleading customers about the environmental impact of its products.
It is Shein's second financial sanction by a European competition authority in little more than a month, after France fined the company €40m on July 3 over fake discounts and misleading environmental claims.
The Italian fine was imposed on Infinite Styles Services Co. Limited, a Dublin-based company that operates Shein's website in Europe, following an investigation by AGCM launched last September.
In a statement, Shein said it has cooperated fully with AGCM and took immediate action to address the concerns raised.
AGCM said the environmental sustainability and social responsibility messages on Shein's website "were sometimes vague, generic, and/or overly emphatic, and in other cases omitted and misleading."
Shein's claims on circular system design and product recyclability "were found to be false or at the very least confusing", and the green credentials of its 'evoluSHEIN by design' collection were overstated, the regulator said.
Shein promotes the 'evoluSHEIN by design' collection as clothes made using more sustainable and responsible manufacturing.
AGCM said consumers could be misled to think that the collection was made with materials that are fully recyclable, "a fact that, considering the fibres used and currently existing recycling systems, is untrue".
Shein, in its statement, said: "We have strengthened our internal review processes and improved our website to ensure that all environmental claims are clear, verifiable, and compliant with regulations."
AGCM also took issue with Shein's "vague and generic" commitments to cut greenhouse emissions by 25% by 2030 and to net zero by 2050, noting that Shein's emissions increased in 2023 and 2024.
The Italian regulator said its overall assessment was influenced by an "increased duty of care" falling on Shein, "because it operates in a highly polluting sector and with highly polluting methods".
AGCM is in charge of consumer protection as well as competition.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Firm owned by former CAB target paid over €4m by Irish government to house asylum seekers
Firm owned by former CAB target paid over €4m by Irish government to house asylum seekers

Sunday World

time3 hours ago

  • Sunday World

Firm owned by former CAB target paid over €4m by Irish government to house asylum seekers

Former CAB target Bernard Byrne and his brother John Paul alleged to have made €750k from laundering fuel and cash Jim Manfield Jnr, was jailed for for attempting to pervert the course of justice Bernard Byrne's company has been paid more than €4m by the government Bernard Byrne at his Go service station on the Kylemore Road A firm owned by a suspected fuel smuggler and former target of the Criminal Assets Bureau has been paid more than €4 million by the Irish Government to house asylum seekers. Bernard Byrne is the director and owner of Tenzing Ltd, which is listed as receiving funds from the Department of Children, Equality, Disability, Integration and Youth. In 2005, it emerged that Byrne, along with his brother John Paul Byrne, had holdings worth Stg£750,000 in Northern Ireland which was targeted by the UK's Assets Recovery Agency (ARA). The case was referred to the ARA by HM Revenue and Customs in 2004 after a joint investigation with CAB into fuel smuggling and laundering on both sides of the border. Bernard Byrne speaking to Samuel Mansfield In its case in the High Court in Belfast at the time, the ARA alleged that the assets of both brothers were from fuel laundering and smuggling, together with excise fraud and associated money laundering activity. Accounts An interim receiver was appointed over two filling stations in Co Armagh and Co Down, a house in Newry, an apartment in Belfast, vehicles, farm machinery and bank accounts. Bernard Byrne's Tenzing Ltd was set up in January 2023 and is registered to an office in Lucan, Co Dublin. That year, the company received payments of €876,000, €553,350 and €366,000 for 'accommodation and/or related costs'. In 2024, the payments from the Department totalled €2,382,000 with €186,000 paid out in the first quarter of 2025, bringing the overall total to €4,363,350. According to a Dail question reply, Tenzing Ltd operated an emergency accommodation centre at Redbank Guesthouse in Skerries, Co Dublin in 2023. Responsibility for the €1.2 billion accommodation budget has been moved to the Department of Justice since May this year. Bernard Byrne's company has been paid more than €4m by the government Bernard Byrne is also a director of other firms involved in the retail fuel business and owns the Go filling station on the Kylemore Road in Ballyfermot, Dublin. The land on which the business is located is owned by Arcount Ltd, which is controlled by Vincent Cosgrave, a Dublin-based businessman. Cosgrave's property portfolio includes the Sheldon Park Hotel across the road from Byrne's filling station business. His daughter, Donna, married Jim Mansfield Jr and the couple's son, Samuel Mansfield, was previously photographed by the Sunday World meeting with Bernard Byrne in 2016. There is no suggestion that Samuel Mansfield is involved in any criminal activity. Footage Jim Mansfield Jr was jailed for 18 months in February 2022 for attempting to pervert the course of justice by directing that CCTV footage be destroyed. The Special Criminal Court acquitted Mansfield of conspiring to have a man kidnapped by a criminal gang but convicted him of directing that the footage be destroyed. Jim Manfield Jnr, was jailed for for attempting to pervert the course of justice It was also heard in a CAB case that Jim Mansfield Jr was previously given €4.5 million of Kinahan cartel cash to launder through property investments. As a result of the 2004 CAB investigation into fuel smuggling, Bernard Byrne's father, John Byrne, paid €1.6 million to the Revenue Commissioners. During a search of John Byrne's home in June 2004, authorities discovered €200,000 in cash and cheques concealed throughout the property. Investigators concluded he had operated a significant grain delivery business for several years. He faced charges over failing to file tax returns at Dundalk Circuit Criminal Court in 2007. The court heard at the time Byrne Snr had 157 previous convictions across both Northern Ireland and the Republic, including a Stg£1.3 million fraud conviction in Northern Ireland. Judge Pat McCartan had deferred sentencing to allow Byrne Snr to finalise his tax affairs. The judge described Byrne Snr as someone who had lived 'completely outside the good order of things' and imposed a two-year sentence, suspended on condition of good behaviour. The Sunday World recently reported on two other firms which have received payment for providing accommodation. One firm had been owned by John Gill, the father of alleged gangland figure Jonathan Gill. According to figures published by the Government, Astervale Ltd was paid €414,505 from 2022 until April 2024. Another firm which has been awarded emergency accommodation contracts has links to the Drogheda gang feud. Ben O'Brien resigned in May as a director of Secure Accommodation, which has been paid €10.2 million since it was set up in September 2022. O'Brien (31) was among several people named in evidence in the 2022 CAB case against gang bosses Owen and Brendan Maguire. Bernard Byrne at his Go service station on the Kylemore Road News in 90 Seconds - Monday, August 4th

China-EU relations are now 50 years old
China-EU relations are now 50 years old

Irish Examiner

time3 hours ago

  • Irish Examiner

China-EU relations are now 50 years old

Fifty years ago, in the midst of the Cold War, visionary leaders from China and Europe showed remarkable political courage and strategic foresight by breaking through the rigid bloc confrontations of the time. In 1975, they established diplomatic relations between China and the European Economic Community — a historic step that opened the door to a relationship grounded in dialogue, co-operation, and mutual benefit. Over the past five decades, the results of this partnership have been truly remarkable. The 'win-win' nature of China–EU relations is clearly evident. The European Community, originally composed of just nine member states, has grown into the 27-member EU — a deeply integrated and influential global actor. Meanwhile, China has emerged as the world's second-largest economy. Bilateral trade has surged from $2.4bn in 1975 to an impressive $785.8bn today, while mutual investment has expanded from virtually nothing to nearly $260bn. Chinese investment has created more than 270,000 jobs in the EU. Co-operation now extends across a wide array of fields, including economy and trade, science, education, and culture. China has unilaterally granted visa-free access to citizens of 24 EU member states, and nearly 600 flights connect China and Europe each week. In 2024 alone, more than 9.7m people travelled between the two regions. Looking back, the development of China–EU relations has not been without its challenges. As the Chinese saying goes, 'A friend in need is a friend indeed'. Despite the EU's internal ups and downs or shifts in the global landscape, China's approach to its relationship with the EU has remained consistent and steady. China has always supported European integration and respects the EU's pursuit of strategic autonomy — welcoming a strong, prosperous, and stable Europe. During the European debt and financial crises, China extended its support by expressing firm confidence — famously declaring that 'confidence is more precious than gold' — and by purchasing large amounts of eurozone bonds. China's capital inflows and booming trade with Europe played a constructive role in the region's economic rebound. Following the UK's decision to leave the EU, China maintained its confidence in European unity. It dismissed the noise of Euroscepticism and Brexit-related anxieties, trusting in a smooth transition between the EU and the UK, while continuing to advocate for the stable and healthy development of China–EU ties. During the covid-19 pandemic, China stood in solidarity with Europe. Despite facing domestic shortages and pressure, China overcame logistical and supply challenges to donate and export large volumes of medical supplies to the EU and its member states, including Ireland. Between March 29 and April 26, 2020, Aer Lingus operated 259 cargo flights between Dublin and Beijing, transporting over 4,000 tons of medical supplies from China — the largest freight operation in the airline's history. These five decades have shown that China and the EU have the capacity to support and elevate each other — and even offer hope to the wider world. China's development has never been intended to challenge or even 'screw' the EU. On the contrary, it has always sought to respect and address EU concerns. On the Ukraine crisis, China has clearly stated its opposition to the use of nuclear weapons and attacks on civilian nuclear facilities. It has called for preventing escalation and spillover of the conflict and emphasised Europe's rightful role in resolving the crisis. Like EU, China is committed to a political settlement and supports Europe to build a balanced, effective, and sustainable European security architecture — one that can ensure lasting peace and prevent a repeat of war. On matters of trade and economic co-operation, China has taken tangible steps to address EU concerns. The number of sectors restricted to foreign investment has been significantly reduced — from 190 to just 29 — while efforts to ensure national treatment for foreign investors are steadily advancing. These measures have provided European businesses with broader access to a more open and rules-based Chinese market. In response to supply-chain concerns, such as those involving rare earth elements, China has introduced a 'fast track' mechanism for European companies. To address worries about trade diversion, China has agreed to a monitoring mechanism and introduced consumer goods upgrade and equipment renewal policies aimed at expanding domestic demand — concrete signs of China's goodwill and commitment. Over the past five decades, China and Europe have built experience and goodwill that will help us counter uncertainty and future challenges. Denying past achievements clouds our vision for the future. Disregarding the efforts of past generations is tantamount to denying our own progress. As two major forces promoting multipolarity, two massive markets supporting globalisation, and two great civilisations championing diversity, China and Europe have every reason to choose openness and co-operation. If we do, the global tide toward economic integration will remain unbroken. Looking ahead, China hopes to work with EU to uphold the post-war international order and multilateral trading system, providing much-needed global stability and certainty. Together, we can shape an even more promising next 50 years for China–EU relations. Zhao Xiyuan is the Ambassador of China to Ireland.

European shares recover although Swiss stocks take a hit on US tariff news
European shares recover although Swiss stocks take a hit on US tariff news

Irish Times

time9 hours ago

  • Irish Times

European shares recover although Swiss stocks take a hit on US tariff news

European shares recovered on Monday as investors adopted a wait-and-see approach to the impact of US tariffs on global trade, although Swiss shares took a hit as the market reacted to the US's plan to impose 39 per cent tariff. DUBLIN Bank of Ireland shares lured buyers on what dealers said was a quiet day overall, with a public holiday in the Republic. The bank benefited from Friday's British supreme court ruling reversing a court of appeal finding on car loans that left lenders facing billions of pounds in compensation claims. Bank of Ireland's British business was one of those exposed. READ MORE On Monday its shares rose 2.35 per cent to €11.775. In the same sector, Permanent TSB climbed 1.92 per cent to €2.12. Among the market's bigger stocks, Ryanair climbed 2.89 per cent to close at €25.97, edging closer to the €26-mark, which dealers dubbed 'massive' for the airline. Investors have been moving into the company, Europe's biggest airline, since it emerged that London Stock Exchange Group subsidiary, FTSE Russell, proposed including the carrier in its Global Equity Index Series. The stock joined the MSCI index in June. Elsewhere, drug and medical device distributor Uniphar gained 3.9 per cent to €3.995. Dealers noted that there was little behind the move as the numbers of shares traded were low. Housebuilder Cairn Homes added 1.4 per cent to €2.175. Overall, traders said there was little on the negative front on Monday. LONDON Close Brothers Group plc (CBG) surged 23.53 per cent to 491.4 pence sterling on Monday making it the biggest beneficiary of Friday' British supreme court ruling on car loans. The firm has a large motor finance business that would have been in the firing line had judges not overturned a previous court-of-appeal finding. Lloyds Banking Group found favour with investors on the same grounds, climbing 9 per cent to 82.56p. NatWest advanced 3.17 per cent to 527.9p while financial adviser St James Place rose 4.68 per cent to 1,353.5p. Aircraft engine maker Rolls-Royce continued its good recent run, getting a 2.35 per cent lift-off to 1,090p. Pest control specialist Rentokil slid more than 2 per cent to 354.3p after the company reported a sharp fall in earnings per share over the first half of the year. Chronic illness treatment specialist Convatec dipped 0.87 per cent to 229p. EUROPE Europe's benchmark Stoxx 600 closed ahead on Monday following Friday's sharp fall sparked by the introduction of US tariffs. However, Switzerland's SMI fell as much as 1.9 per cent in early trade as investors returned following a public holiday on Friday, the day on which Washington imposed a tariff of 39 per cent on Swiss goods. The index cut losses back to around 0.2 per cent later in the day. Luxury watchmaker Richemont was 1.27 per cent off at 131.7 Swiss francs. UBS, one of the country's best-known banks, fell 0.7 per cent to 30.22 Swiss francs after confirming that it would pay $300 million to resolve US mortgage securities cases. US US shares bounced back on Monday following Friday's sell-off as investors bet on deeper Federal Reserve interest rate cuts in the wake of unexpectedly weak jobs figures. By 5.40pm Irish time, the Dow Jones Indsutrial average had risen 463.55 points or 1.06 per cent, the S&P 500 was up 74.56 points or 1.2 per cent and the Nasdaq composite had climbed 325.95 points or 1.58 per cent. Tesla rose 1.2 per cent after granting chief executive Elon Musk 96 million shares worth about $29 billion. Spotify jumped 6.8 per cent as the music streaming platform announced plans to increase the monthly price of its premium individual subscription in select markets from September.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store