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 (Suzanne Kapner/Wall Street Journal)

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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.

from Techmeme https://ift.tt/LpUyxEd