Global retailer SPARC Group Holdings II LLC has on Thursday announced a strategic partnership with SHEIN, the Singapore-based integrated online marketplace for fashion, beauty and lifestyle products.

SPARC Group said in a statement that the partnership will focus on meeting the needs of customers in the United States and around the world who enjoy affordable, high-quality fashion.

Under the agreement, SHEIN acquires an approximately one-third interest in SPARC Group, a joint venture that includes Authentic Brands Group and Simon Property Group, and SPARC Group becomes a minority shareholder in SHEIN.

SHEIN brings its unparalleled e-commerce expertise and global reach to provide SPARC Group a platform to further grow its brands.

The partnership is expected to expand SPARC Group’s distribution of Forever 21, adding value and variety for SHEIN’s extensive customer base.

SHEIN’s global e-commerce platform currently serves 150 million online users.

The partnership also offers the opportunity to test SHEIN customer-focused experiences in Forever 21 locations across the United States including shop-in-shops, enabling return to store and other initiatives.

SHEIN has pioneered a new, on-demand way of engaging and meeting the needs of customers online. SPARC Group brings extensive retail and brand expertise.

Together, SHEIN and SPARC Group plan to utilize their complementary platforms and expertise to accelerate product innovation, explore new business strategies, enhance customer experiences, and grow their presence in the marketplace.

“We are excited for the partnership with SHEIN as it reflects our shared vision of providing customers with unparalleled access to fashion at affordable prices,” said Marc Miller, Chief Executive Officer of SPARC Group.

“By working together, we will provide even more innovative and trendsetting products to fashion enthusiasts around the world,” he added.

SHEIN’s Executive Chairman Donald Tang said that SHEIN is thrilled to have SPARC Group as a partner and minority shareholder and they look forward to finding new ways to delight their customers through the potential of this partnership.

“The powerful combination of Simon’s leadership in physical retail, Authentic’s brand development expertise, and SHEIN’s on-demand model will help us drive scalable growth and together make fashion more accessible to all,” he added.

SPARC Group Directors Jamie Salter and David Simon also said the firm is very pleased to welcome SHEIN as a strategic partner and shareholder in SPARC Group.

“SHEIN is the world’s leading online fashion platform delivering style and value around the globe. We are looking forward to working together,” they added.

SPARC Group is a global retail company with an extensive brand portfolio spanning fashion, accessories, and lifestyle products.

With a focus on delivering quality products and outstanding customer service, SPARC Group has earned the trust and loyalty of customers worldwide.

SHEIN is a global, integrated marketplace offering extended fashion and lifestyle shopping categories from SHEIN branded apparel to products from a global network of sellers, all at affordable prices.

Headquartered in Singapore, the firm remains committed to making the beauty of fashion accessible to all, leveraging its industry-leading on-demand production methodology since 2012, for a smarter and more sustainable industry.

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