Shein Signs Deal With Forever 21 Owner as Fast-Fashion Majors Look To Boost Reach
August 25, 2023
Online fashion retailer Shein has announced a partnership with SPARC Group, owned by Authentic Brands and Simon Property, which owns Forever 21. This deal would give Shein a roughly one-third interest in SPARC Group, allowing Forever 21’s label to expand its presence on Shein’s online platform, reaching approximately 150 million users. The partnership also opens the possibility for Shein to tap into Forever 21’s retail locations across the United States, potentially expanding beyond its core online presence into physical stores.
Recent News
Pickleball Expands Internationally to India
Pickleball, America’s booming sport, aims to spread its games in India, the world’s most populous country.
Amazon Prime Announces It Has Faster Deliveries
Amazon reports that its Prime deliveries are now even speedier. With over 2 billion packages reaching customers in a day or less this year, the company claims its delivery system is picking up its pace.
H-E-B Recalls Ice Cream Cups Due to Metal
The popular frozen treat has been pulled from store shelves in a voluntary company recall.
Chipotle Scraps Farmesa Fresh Eatery After Ghost Kitchen Closure
Chipotle Mexican Grill’s venture into the Farmesa Fresh Eatery concept has come to an abrupt halt following the closure of its partnering platform Kitchen United’s ghost kitchens.