Shein and U.S. fast fashion chain Forever 21 are joining forces. Shein, founded in China and based in Singapore, to buy a third of Forever 21′s operator, Sparc Group. Sparc will also take a minority stake in Shein.
. Terms not disclosed. Wall Street Journal reports $9.6 billion was Roark's final offer. Via holding company Inspire Brands, Roark owns Dunkin', Baskin-Robbins, Sonic, Arby's, Buffalo Wild Wings and Jimmy John's.
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