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Business > Foreign Business
Shein and Forever 21 forge partnership
By Associated Press
Aug 26, 2023 12:17 am

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

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

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