Shein, the online fast-fashion retailer founded in China, doubled profits at its UK arm last year as sales jumped by nearly 40% to £1.5bn – making it about the same size as its rival Boohoo.
The company, which is considering a £50bn float on the London Stock Exchange, said pre-tax profits at Shein Distribution UK rose to £24.4m, on which it paid £5.7m in income tax, according to accounts filed at Companies House.
