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The Independent UK

Via AP news wire

Shein and Forever 21 team up in hopes of expanding reach of both fast-fashion retailers

Shein Forever 21 Sparc United States Temu

Copyright 2023 The Associated Press. All rights reserved

Fast fashion retailers Shein and Forever 21 are going into business together.

Under a partnership agreement announced 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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