Why Shein, a Fast Fashion Company, Is Now Worth $100 Billion
Shein, the Gen Z-favorite online apparel retailer, is now worth as much as General Electric and more than Zara and H&M combined
Shein recently raised a round of funding at a private-market valuation of $100 billion,
Bloomberg and The Wall Street Journal reported April 4, a figure unheard of among fashion companies
Shein's publicly traded rivals, Zara and H&M, are valued far less.
Zara parent company, Spain-based Inditex Group, has a market cap of about $66 billion,
while Sweden's H&M is worth only $20 billion.
The fundraising round officially made Shein the world's third most valuable private company
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