San Francisco, July 15 (Ians) Three US fashion designers — Krista Perry, Larissa Martinez and Jay Baron — have sued Chinese fast-fashion company Shein which is valued at a staggering $66 billion, for allegedly stealing their creative works.
In the lawsuit, they claimed that Shein produced, distributed, and sold exact copies of their creative work.
It alleged that Shein’s practices violate the Racketeer Influenced and Corrupt Organizations Act (Rico).
The law was enacted in 1970 and was first used against the American mafia.
“For all the scrutiny given to TikTok, it’s surprising that Congress has not considered more dramatic action against the Chinese fast-fashion giant Shein,” said the three independent designers.
The brand sells more clothing than any other in the world and recently raised capital at a staggering valuation.
“Like TikTok, Shein’s business model depends on collecting a shocking amount of data from its customers — which it then reverse-engineers into fashion trends,...
In the lawsuit, they claimed that Shein produced, distributed, and sold exact copies of their creative work.
It alleged that Shein’s practices violate the Racketeer Influenced and Corrupt Organizations Act (Rico).
The law was enacted in 1970 and was first used against the American mafia.
“For all the scrutiny given to TikTok, it’s surprising that Congress has not considered more dramatic action against the Chinese fast-fashion giant Shein,” said the three independent designers.
The brand sells more clothing than any other in the world and recently raised capital at a staggering valuation.
“Like TikTok, Shein’s business model depends on collecting a shocking amount of data from its customers — which it then reverse-engineers into fashion trends,...
- 7/15/2023
- by Agency News Desk
- GlamSham
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