Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York.

A federal judge ruled the regulator can seek to reduce the amount of money the social media company makes from users under 18.

The decision would involve transferring 153 of 219 employees to Milan, almost 500 kilometres (311 miles) to the north by March.

Shiseido has doubled down on its commitment to China, even as it cuts its full-year forecast due to dampened local demand.

The Paris-based publicist is shuttering her namesake firm, according to an email sent from the agency.

She will succeed Gabriele Maggio, who is exiting the business next month “to pursue other opportunities,” the company said.

Richardson was one of the most famous fashion photographers in the world, going on to work for the likes of Tom Ford, Vogue, Vanity Fair, and Yves Saint Laurent.

In a delivery demand downturn, UPS and Fedex are expanding returns services aimed at helping retailers slash the cost of sending back shoes, apparel and other goods.