Shein's revenue is ‘a lot more’ than $30 billion annually, key retail partner says
Publishing timestamp: 2024-01-08 21:34:13
Summary
The CEO of brand management firm Authentic Brands Group, Jamie Salter, stated that Shein's annual revenue is "a lot more" than $30 billion. Shein, a private company, does not disclose its financials, but Salter is familiar with them due to a partnership with the company. Shein's sales would put it in line with Zara's owner Inditex and above H&M. Shein has confidentially filed to go public in the US. Salter discussed the partnership between Authentic and Shein, mentioning the challenges of trust and the early stages of the collaboration.
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Keywords: business, american eagle outfitters inc, breaking news: business, abercrombie & fitch co, orlando, walmart inc, amazon.com inc, business news, retail industry, simon property group inc,
Source: https://www.cnbc.com/2024/01/08/sheins-revenue-is-a-lot-more-than-30-billion-annually-exec.html