Suzanne Kapner / Wall Street Journal:

Shein acquires ~33% of Forever 21 parent Sparc, and Sparc takes a minority stake in Shein, allowing Shein to 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.

Suzanne Kapner / Wall Street Journal:

Shein acquires ~33% of Forever 21 parent Sparc, and Sparc takes a minority stake in Shein, allowing Shein to 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.

Source: TechMeme
Source Link: http://www.techmeme.com/230824/p26#a230824p26