(Reuters) -- Shein's British business made 1.55 billion pounds ($2.02 billion) in revenue in 2023, up sharply from its previously reported results, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London.
Shein's rapid growth, fueled by its low-cost business model of sending parcels to customers worldwide straight from factories in China, has disrupted the budget fashion industry and put pressure on incumbents such as Sweden's H&M and London-listed Asos and Boohoo.
