SHEIN to acquire a 33% stake in SPARC Group.

SHEIN, an online fast fashion retailer, agreed to acquire a 33% stake in SPARC Group, a retail company with an extensive brand portfolio spanning fashion, accessories, and lifestyle products. Financial terms were not disclosed. "SHEIN is thrilled to have SPARC Group as a partner and minority shareholder and we look forward to finding new ways to delight our customers through the potential of this partnership. The powerful combination of Simon's leadership in physical retail, Authentic's brand development expertise, and SHEIN's on-demand model will help us drive scalable growth and together make fashion more accessible to all," Donald Tang, SHEIN Chairman.