Shein's European entity reports 68% sales growth in 2023

Quick Summary:

LONDON : Shein's Ireland-registered entity Infinite Styles Ecommerce Co saw sales grow by 68 per cent in 2023, hitting 7.684 billion euros ($8.36 billion), up from 4.582 billion euros in 2022, according to annual results filed on Monday.

After-tax profit for the group also more than doubled to 99.

The company has subsidiaries in Belgium, France, Germany, Italy, and Poland, according to the filing.

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Category: EconomyBusiness

Markets: SingaporeBelgiumFranceGermanyIrelandItalyPoland

Topics: London According Sales Seen 2022 Infinite Euros Shein Billion Styles 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 02:22:53 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23404162

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