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The company was valued at $100 billion. [19] 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. [7] Its other competitors include ASOS, Fashion Nova, Forever 21, PrettyLittleThing, Temu, and Topshop. [20]
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.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
The combined net worth of the list was $3.6 trillion, up 50 percent from 2009's $2.4 trillion, while the average net worth was $3.5 billion. [9] The 2010 list featured 164 re-entries and 97 true newcomers. [9] Asia accounted for more than 100 of the new entrants.
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 ...
Sephora helped its parent company, LVMH, achieve record-breaking sales in 2023, reaching $10 billion in revenue across North America. Shein made $2 billion in profits that year. Although Qurate's ...
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.
The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. As of April 2023, India has 167 billionaires, which put the country third in the world, after the United States and China . [ 1 ]