Superdry CEO Accuses Shein of Exploiting UK Tax Loophole
Julian Dunkerton calls for tighter regulations on Shein, arguing the fast fashion giant avoids import duties on low-value parcels.
- Shein ships individual parcels worth less than £135 directly to UK customers, avoiding import duties.
- Julian Dunkerton claims this practice gives Shein an unfair advantage over UK-based retailers.
- Shein's potential London IPO faces scrutiny over its tax practices and alleged labor abuses.
- Shein argues its success is due to an efficient supply chain, not tax exemptions.
- The UK Treasury states its tax policies balance the interests of consumers and retailers.