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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]
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 ...
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.
Shein's rapid global expansion since the COVID-19 pandemic has upended the fashion industry. (Per-Anders Pettersson - Getty Images) They don’t make things like they used to.
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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 ]
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.
For the Netherlands, based on overall excess mortality, an estimated 20,000 people died from COVID-19 in 2020, [10] while only the death of 11,525 identified COVID-19 cases was registered. [9] The official count of COVID-19 deaths as of December 2021 is slightly more than 5.4 million, according to World Health Organization's report in May 2022 ...