Page 48 - Simon Property News Today

NEW YORK— Fast fashion retailers Shein and Forever 21 are going into business together.

Shein said on Thursday it has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, as the online fashion retailer and its rivals look to expand their market reach.The deal, which would give Shein a roughly one-third interest in SPARC Group

(AP) — Fast fashion retailers Shein and Forever 21 are going into business together. Under a partnership agreement announced Thursday, the Chinese-founded Shein will acquire about one-third interest in Sparc Group, Forever 21's operator. Sparc

Shein said on Thursday (Aug 24) it has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, as the online fashion retailer and its rivals look to expand their market reach. The deal, which would give Shein a roughly one-third interest in SPARC Group, expands Forever 21's reach by bringing the...

Forever 21 has more than 540 locations worldwide and online. The announcement did not disclose the financial details of the deal.

Shein said on Thursday it has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property.

Online fashion marketplace SHEIN has partnered with retail company SPARC Group to sell Forever 21’s clothing and accessories on SHEIN's platform. This is a joint venture that will include Authentic Brands Group and Simon Property Group.

As part of the agreement, Shein could one day operate stores within Forever 21 outlets. Read more at straitstimes.com.

Shein acquired a stake in rival fast-fashion retailer Forever 21 to expand its online offerings and establish a brick-and-mortar presence in the US.

The mall REIT has recently raised its dividend, and its cash flow covers its payout well.