Forever 21’sparent company Sparc Group announced on Thursday that it will partner with the online shopping giant in a deal that would see Sparc become a minority shareholder in Shein. In turn, Shein would get a one-third stake in Sparc.
The move is expected to broaden the reach of both players. Shein’s e-commerce base extends beyond 150 countries, and it has more than 250 million followers on social media platforms. The deal will “provide Sparc Group a platform to further grow its brands,” Sparc said in a news release.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: