SHEIN (HKG:00625) has flagged that delayed renewals of its Mexican shipping partners' permits are threatening its operations in the country, Bloomberg News reported on Thursday, citing communications director Patrick Lassauzet.
The warning comes as 11 logistics operators begin losing their authorizations under Mexico's T1 framework, which streamlines imports of shipments valued up to $2,500, the report said.
Two permits already expired in October, with those of DHL, UPS, FedEx and Estafeta set to lapse in December, the publication said.
SHEIN did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
