Shein explores acquisitions and partnerships to drive growth
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Shein, a fast fashion platform, is seeking to buy or partner with other brands, leveraging its extensive supply chain. The company, based in Singapore since 2022, is positioning itself as the equivalent of Amazon Web Services in the fashion sector, offering its network of over 7,500 manufacturers in China to help other brands grow.
Shein is targeting brands with average orders of around $100 per customer, double what its current buyers typically spend. The company has already acquired US-based Everlane for around $80 million this year. Shein has raised $1.5 billion through its initial public offering in Hong Kong, selling 280 million shares at $48.56 each.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
