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Forever 21 is a multinational fast-fashion retailer headquartered in Los Angeles, California, United States. Originally founded as the store Fashion 21 in Highland Park , Los Angeles in 1984, [3] [4] it is currently operated by Authentic Brands Group and Simon Property Group , with about 540 outlets.
Forever Living Products is a multi-level marketing company which was founded in 1978 in Tempe, Arizona by Rex Maughan. The company has reported a network of 9.3 million distributors and revenue of $4 billion in 2021, and in 2006 they reported having 4,100 employees.
In this arrangement, Shein will sell certain Forever 21 products on its website, giving Forever 21 access to Shein’s 150 million digital customers, the Wall Street Journal reported.
Millennials are feeling older than ever after one Gen Z reseller listed a pair of Forever 21 shorts as “vintage” on Depop for nearly $300.
Under a partnership agreement announced Thursday, the Chinese-founded Shein will acquire about one-third interest in Sparc Group, Forever 21's operator.
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