Page 49 - Simon Property News Today

Under a partnership agreement announced Thursday, the Chinese-founded Shein will acquire about one-third interest in Sparc Group, Forever 21s operator. Sparc will also become a minority shareholder in Shein.

Singapore-based 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 P

Shein has struck a deal to acquire a third of Forever 21's US operator SPARC Group as it looks to boost its presence in the US market.

Fast-fashion retailers Shein and Forever 21 are going into business together.

Gen Z fast fashion giant Shein may not be quite ready to take the plunge into stores just yet but the prospect has certainly taken a big step forwards.

The deal is expected to expand Forever 21’s distribution on Shein’s global e-commerce platform.

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

Shein said it has partnered with SPARC Group, a JV between Forever 21-owner Authentic Brands and mall operator Simon Property.

The deal is expected to expand Forever 21’s distribution on Shein’s global e-commerce platform.

The deal would expand Forever 21′s reach by bringing the label to Shein’s online platform, which serves about 150 million users