SUBSCRIBERS
Shein's US$100b valuation would top H&M and Zara combined
The company's sales have tripled in 2020, making it the biggest web-only fashion brand globally
Published Mon, Apr 4, 2022 · 09:50 PM
New York
A CHINESE fast-fashion company without a global network of physical stores of its own is seeking a valuation that could be more than the combined worth of high-street staples Hennes & Mauritz AB and Inditex SA's Zara.
Shein, an online-only retailer of inexpensive clothes, beauty and lifestyle products that pumps out over 6,000 new items daily, is in talks with potential investors including General Atlantic for a funding round that could value the company at about US$100 billion, Bloomberg News reported on Sunday (Apr 3).
Copyright SPH Media. All rights reserved.
