NEWSUPDATE: Shein acquires ~33% of Forever 21 parent company Sparc and Sparc takes a Shein minority stake, letting Shein sell Forever 21 items and operate inside its stores (Suzanne Kapner/Wall Street Journal)

Friday, 25 August 2023

Shein acquires ~33% of Forever 21 parent company Sparc and Sparc takes a Shein minority stake, letting Shein sell Forever 21 items and operate inside its stores (Suzanne Kapner/Wall Street Journal)

Suzanne Kapner / Wall Street Journal:
Shein acquires ~33% of Forever 21 parent company Sparc and Sparc takes a Shein minority stake, letting Shein sell Forever 21 items and operate inside its stores — Online fashion giant invests in company that operates retailer, paving way to sell its products — Shein and Forever 21 may soon be fast-fashion friends.

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