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Fast fashion: 1. Environment: 0. Shein and Forever 21 are joining forces in a deal that will expand their reach and influence in the retail world.
Forever 21, Inc. 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.
Joseph Winchester Robinson was a merchant from Waltham, Massachusetts who moved to Rosemead, California in 1882 to develop orange groves. Robinson found the quality of goods and service from local merchants lacking, and reentered the retail business, utilizing his contacts on the East Coast to deliver superior merchandise.
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Fast fashion retailers Shein and Forever 21 are going into business together. Under a partnership agreement announced Thursday, the Chinese-founded Shein will acquire about one-third interest in ...
He and his wife, Jin Sook (Hangul: 진숙), opened a 900-square foot clothing store then named Fashion 21 in 1984 in Highland Park, Los Angeles with only $11,000 in savings. The store took off, and as they expanded to other locations, the store's name was changed to Forever 21 otherwise known as XXI.
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