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    "prose": "Sara Davies, a Dragons' Den star, has purchased a meaningful stake in the online marketplace Not On The High Street and joined as a non-executive director. [^1]\n\nFrance began enforcing an environmental tax on fast fashion companies to address the surge in sales of cheap clothing available on e-commerce sites, including Shein and Temu. [^2]\n\nGerman private equity firm Executive Equity Partners bought Not On The High Street at the start of the year and hired Pascal Schuster as chief executive. [^3]\n\nSara Davies stated that Not On The High Street is no longer trying to compete with Chinese online marketplaces such as Shein and Temu. [^4]\n\nTotal transaction value on the platform was £84.2 million in the year to March 2025, down from £230.2 million in the year to March 2021. [^5]\n\nThe fees, mandated by a law passed in June regarding 'fast fashion,' start at 0.25 euros for a men's undergarment or a pair of socks and reach up to 14 euros for a coat. [^6]\n\nThe tax cap is set at 50% of the product's initial price before taxes. [^7]\n\nThis development exacerbates challenges for Shein following a decision by the EU and the US to abolish tax-exempt low-value packages and impose a flat 3-euro temporary duty on items from platforms outside the EU. [^8]",
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