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The company was valued at $100 billion. [18] In October 2022, The Wall Street Journal reported that Shein generated US$24 billion in revenue in 2022, becoming almost as large as traditional fast fashion brands such as Zara and H&M. [6] Its other competitors include ASOS, Fashion Nova, Forever 21, PrettyLittleThing, Temu, and Topshop. [19]
Shein acquired one-third of Forever 21’s parent company in 2023, ... the company’s cofounders had a combined net worth of $5.9 billion with 750 stores across the U.S.
Huang rose seven places on Hurun's annual list of China's wealthiest people, ... Chinese e-commerce company, the fast fashion-oriented Shein. ... $35 billion since his peak net worth of $58.8 ...
The stock market debut could make Shein the most valuable Chinese company to go public in the United States since ride-hailing giant Didi Global listed in New York in 2021 at a $68 billion valuation.
Inditex is a large brand with a new worth of $17.2 billion. [24] With their abundance of wealth, it is expected that this company produces greener. Inditex has targets to source fabrics more sustainably by 2025 and to have nothing sent to the landfills by 2023. [ 23 ]
After PDD Holdings tanked in August, Huang’s net worth plummeted a staggering $14.1 billion to $33.5 billion, the Bloomberg Billionaires Index shows. As of Dec. 11, he was worth $36.8 billion ...
Claure sold the company to join Sprint in 2014, [4] serving as Sprint's President and CEO from 2014 [5] [6] [7] until 2018, [8] and as executive chairman from 2018 [9] until 2020. [10] Credited with having "led a turnaround" at Sprint, [11] he oversaw the company's planned merger with T-Mobile USA. [8] [9] He currently sits on the board of the ...
The company informed investors last month that it aims for a valuation in the range of $80 million to $90 billion, according to Bloomberg. Shein will privately work with the U.S. Securities and ...