4 Apr 2022
Shein’s $100 Billion Value to Surpass Combined worth of H&M and Zara
The Index Today
Chinese fast-fashion firm Shein is on track to achieving an estimated value of $100 billion which is more than that of the combined worth of H&M and Zara.
According to Bloomberg News, Shein plans to negotiate terms with key investors including General Atlantic for financial banking which will ensure its valuation at nearly $100 billion which will be more than that of Inditex SA’s Zara and Hennes & Mauritz AB.
Shein has managed to successfully establish its presence as a global fast-fashion brand since its launch in 2012, delivering affordable merchandise under lifestyle, beauty and clothing while also churning out 6,000 new products on a daily basis. An exclusively online store, Shein has collaborated with celebrities like Katy Perry and Lil Nas X to reach Gen Z audience outside of China, thereby helping to fuel its sales during the pandemic, reported Bloomberg News.