(Bloomberg) -- Fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with the matter, having in the past been valued at more than ...

Shein is now the most popular fast-fashion brand in the world. The brand launched in 2008 as other fast-fashion brands, like H&M and Forever 21, were dressing millennials in college. The combination ...

Yet, Patel himself stands to gain millions from shares in Shein’s parent company, Elite Depot, raising ethical concerns. Despite his strong stance on government overreach, he retains financial ties to ...