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Zalando Faces Second Quarter Slump

**Zalando Faces Second Quarter Slump** **Introduction** German online fashion retailer Zalando has experienced a decline in its second quarter performance, facing a challenging economic climate and increased competition. The company reported a 2.1% decrease in gross merchandise volume (GMV) to…

SHEIN Acquires Minority Stake in Forever 21

Chinese fast-fashion giant SHEIN has acquired a minority stake in American retailer Forever 21, marking a significant move in the consolidation of the global fashion industry. According to sources familiar with the deal, SHEIN has purchased a 30% stake in…