Fashion

Shein and Forever 21 ink deal to grow both fast fashion retailers

Fast fashion retail giants, Shein and Forever 21 have joined forces in a strategic partnership that is set to expand both companies' reach.

Shein and Forever 21 ink deal to grow both fast fashion retailers
Fashion

Shein and Forever 21 ink deal to grow both fast fashion retailers

Fast fashion retail giants, Shein and Forever 21 have joined forces in a strategic partnership that is set to expand both companies’ reach. The deal, which was announced today, will see Shein acquiring about one-third of the shares of Sparc Group, the parent company of Forever 21. Sparc Group, a joint venture between Authentic Brands Group and Simon Property Group, has owned Forever 21 since the retailer emerged from bankruptcy in 2020.

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