Regulators in France fined fast-fashion retailer Shein more than $40 million for what they deemed to be misleading practices on prices and environmental claims.

Regulators found the fast-fashion retailer, which is facing multiple probes, also made unjustifiable environmental claims

France's antitrust agency said on Thursday it had fined China-founded fast-fashion retailer Shein 40 million euros ($47.17 million) for alleged deceptive business practices including misleading discounts,