As part of the joint venture, Shein will acquire about a third of Forever 21’s operator, Sparc Group. Sparc will also take a minority stake in Shein.
As part of the joint venture, Shein will acquire about a third of Forever 21's operator, Sparc Group. Sparc will also take a minority stake in Shein.On Thursday, the retailers announced a deal that will bring together two brands that have a strong following of young shoppers and a reputation for trendy clothing and accessories at a low price. Yet both have catered to those customers in different ways. Shein sells its merchandise online, while Forever 21 is mostly known for its mall stores.
As part of the joint venture, Shein will acquire about a third of Forever 21's operator, Sparc Group. Sparc will also take a minority stake in Shein. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly
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