Skip to content

shein ipo news

LovelyWholesale has experienced explosive growth of its Temu, TikTok, and Shein store

LovelyWholesale has experienced explosive growth of its Temu, TikTok, and Shein store

SHANGHAI, Oct. 30, 2023 /PRNewswire/ — Over the past six months, LovelyWholesale Temu store, TikTok Shop store, and Shein Marketplace store have experienced explosive growth. In the TikTok Shop Clothing category best-selling list, one of LovelyWholesale’s matching sets is the number one item sold; in Temu’s ranking of fashion stores, LovelyWholesale ranks third with more than 47k shop reviews rated 5 stars; and LovelyWholesale’s matching outfits continue to appear on the Shein marketplace’s home page. (Data acquisition time is October 20, 2023)

As a leading of fashion forward trends, LovelyWholesale is committed to providing its customers with super affordable price. The company has maintained a long-term focus on clothing design and supply chain management. With years of experience accumulating, LovelyWholesale team has built sensitive consumer market prediction capabilities as well as excellent fabric development capabilities. For instance, LovelyWholesale’s most popular item “Kangaroo Pocket Drawstring Hoodie and Sweatpants” on its TikTok store and Temu store has sold nearly half a million pieces and received five stars rating from 98.8% of customers. (Data acquisition time is October 20, 2023)
LovelyWholesale can achieve this result rapidly because it has accumulated strong brand power over the past 12 years. As well, in the past six months, the company continues to improve its capabilities for operating multi-platform stores. “More and more customers are leaving us messages under our social media posts, saying that they bought LovelyWholesale outfits from Temu, Tiktok, and Shein, which they think is incredible. We explained to customers that LovelyWholesale has opened multi-platform stores. We welcome customers to purchase our outfits on any platform, as well as LovelyWholesale’s own website and App.” said Jovan, the CMO of LW. “In a press release published in March of this year, we stated that we hoped to make LovelyWholesale’s products available to more customers worldwide through the platform’s huge traffic. Now customers can find LovelyWholesale’s stores on other shopping platforms. It is a win-win situation for both our customers and us.”
In the future, LovelyWholesale will remain focused on products and fabrics, and ensure that it can be found by consumers on a variety of shopping platforms, allowing more fashionista to enjoy trendy clothing at an affordable price.
About LovelyWholesale:
Founded in 2010, LovelyWholesale supplies more than 10 thousand types of women’s and men’s clothing, shoes, and fashion accessories. The company focuses on providing higher-quality products at super affordable prices to customers all over the world. LovelyWholesale has factories and warehouses all around the world. With the great advantage of fabric resources and hundreds of fashion buyers, LovelyWholesale has provided services to more than six million fashionistas. Over the past 12 years of operation, LovelyWholesale has become one of the most popular online fashion stores in North America and South Africa.
To learn more about LovelyWholesale, visit https://www.lovelywholesale.com/ and connect with us on social:
IG@LovelyWholesale_onlineTikTok@LovelyWholesaleFaceBook@LovelyWholesale.LW

 

SHEIN Acquires Missguided Brand

The company has entered into a joint venture with Missguided founder to manage and operate the brand
SINGAPORE, Oct. 30, 2023 /PRNewswire/ — SHEIN, a global online fashion and lifestyle retailer, announces the acquisition of Missguided, a bold and forward-thinking women’s fashion brand, from Frasers Group.
Missguided joins SHEIN’s family of fashion brands, furthering the company’s efforts to meet customer demand for product variety and consistently deliver an exciting customer experience.
SHEIN also announces that it has entered into an agreement to license the Missguided brand IP to SUMWON Studios, a joint venture between SHEIN and Missguided’s founder, Nitin Passi. The brand, Missguided, will be managed through the joint venture, and its products and collections will be manufactured through SHEIN’s industry-leading, on-demand production model, and sold on SHEIN sites.
“The joint venture we have entered ushers in a new format of partnerships for SHEIN, as part of our unwavering commitment to meet customer demand” said Donald Tang, SHEIN’s Executive Chairman. “SHEIN aims to reignite the Missguided brand, capitalising on its unique brand personality, and fuelling its global growth through SHEIN’s on-demand production model, unparalleled e-commerce expertise and global reach.”
SHEIN has reimagined the fashion industry’s traditional production model, by building an agile and responsive ecosystem that leverages real-time insights for on-demand production. This enables the reduction of production waste at the source and a much lower level of excess inventory, by responding with increased production only when there is actual market demand.
Missguided products and collections will be made available to SHEIN’s 150 million global users as an independent brand via SHEIN sites, as well as on Missguided.com.
 

Dream Pairs Sets Foot in the Bronx: Grand Opening of New Fashion Footwear Store

Dream Pairs Sets Foot in the Bronx: Grand Opening of New Fashion Footwear Store

NEW YORK, Oct. 27, 2023 /PRNewswire/ — Dream Pairs, the renowned fashion footwear brand, is excited to announce the grand opening of its first brick-and-mortar retail store located at Bay Plaza Shopping Center, 352 Baychester Ave, Bronx, New York. The store is set to open its doors to the public on Friday, October 27th, 2023, offering an array of affordable footwear options for men, women, kids, outdoor enthusiasts, and sports aficionados.

Dream Pairs, true to its commitment to make great shoes for any occasion accessible to everyone, has been providing attractive designs paired with ultimate comfort since its inception. The brand adheres to the concept “Great Shoes. Great Prices.”, believing that every customer, regardless of age, size or occupation, can find a perfect pair to match their lifestyle, activity or occasion at Dream Pairs.
Jimmy Lau, VP of Brand Marketing at Dream Pairs, shared his enthusiasm, stating, ” “The launch of our inaugural Dream Pairs store marks a significant milestone in our journey. We’ve earned the trust of Amazon shoppers as the No.1 fashion footwear brand. Now, we’re taking it a step further. Our store is poised to be the go-to destination for men, women, kids, outdoor adventurers, and sports enthusiasts. Whether you’re shopping for yourself, your family or friends, our store will be your ultimate one-stop shop, where style, comfort, and great prices come together.”
With over 15 million happy customers and more than 30 million pairs sold, the Dream Pairs family of footwear lines has consistently ranked as the #1 seller in categories such as heel sandals, flats, pumps, over-the-knee boots, flat sandals, wedge sandals, oxfords, hiking shoes and more on Amazon for years. The brand’s versatile selection of styles range from classic to trendy, from causal to formal, allows customers to look great at every occasion.
As part of Dream Pairs’ strategic offline expansion, the company aims to open 20 stores in the US alone by the end of 2024. Alongside brick-and-mortar locations, Dream Pairs maintains a robust online presence through channels such as Amazon, their official website, Walmart, Shein, Nordstrom Rack and more. This expansion aligns with the company’s commitment to making quality fashion accessible to everyone.
Dream Pairs, under the banner of Miracle Miles Footwear Group Inc., has attracted significant attention and investment. In June 2022, Miracle Miles Group Inc. successfully closed a $100 million Series A funding round, led by prominent investors IDG Capital and Sequoia Capital China. This funding has accelerated Dream Pairs’ retail and wholesale distribution expansion efforts and demonstrates investor confidence in the company’s potential.
Exclusive Opening Offers:

Oct. 27th to Oct. 29th: Up to 40% off regular price items and take an extra 50% off clearance items
Oct. 30th to Nov. 18th: Gift with purchase: win coupons, free shoes or a gift set worth up to $200

For more information about Dream Pairs and the grand opening of the Bay Plaza store, please visit www.dreampairshoes.com.
About Dream Pairs:
Founded in 2009, Dream Pairs is committed to creating women’s dream shoes. Apart from attractive designs, Dream Pairs’ shoes are made to provide ultimate comfort because the brand cares about how customers look and feel when stepping out in their shoes. Dream Pairs adheres to the brand concept  “Great Shoes. Great Prices.” and believes that great footwear is an essential part of life. From heels to flats, chunks, ballerinas, loafers, sandals, and beyond, their versatile styles range from classic to trendy, casual to formal, allowing customers to look great at every occasion. With over 15 million happy customers and more than 30 million pairs sold, the Dream Pairs family of footwear lines and signature styles has consistently ranked as the #1 seller in categories such as heel sandals, flats, pumps, over-the-knee boots, flat sandals, wedge sandals, oxfords, hiking shoes and more on Amazon for years.
About Miracle Miles Group Inc,:
Miracle Miles Footwear is the parent company of the Dream Pairs family of footwear lines for Women, Men, Kids, Outdoor and Sports footwear; overseeing the development and growth of Dream Pairs, Dream Pairs Kids, Bruno Marc, Nortiv8 and Allswifit. Miracle Miles Footwear started with the ambition to make great shoes for any occasion accessible to everyone. This commitment is the foundation of their vision to become the world’s leading footwear company. Miracle Miles Footwear is Headquartered in Changsha, China, with offices in New York, Chicago, Los Angeles, Shenzhen, Changsha and Fujian.
For more information, please contact:pr@dreampairshoes.com 

AUTHENTIC BRANDS GROUP AND SHEIN ANNOUNCE STRATEGIC AGREEMENT FOR FOREVER 21

NEW YORK, Oct. 27, 2023 /PRNewswire/ — Authentic Brands Group (Authentic), a global brand development, marketing and entertainment platform, and SHEIN, a global online fashion and lifestyle retailer, today announced the signing of a long-term agreement for the Forever 21 brand in key lifestyle and fashion categories for men and women, which welcomes leading trend and lifestyle brand Forever 21 to SHEIN.
Through the partnership, SHEIN will design, manufacture and distribute a line of Forever 21 apparel and accessories including sportswear, activewear and swimwear, among others. Co-branded Forever 21 x SHEIN, the line will leverage SHEIN’s industry-leading, on-demand production model, which helps reduce inventory waste. Items from the Forever 21 x SHEIN collection will be available for sale online exclusively on SHEIN sites in the U.S., parts of Europe and Australia. Forever 21 x SHEIN will be available on shein.com, and other SHEIN-branded retail and digital channels.
The partnership comes on the heels of the August 2023 announcement that SHEIN acquired an approximately one-third interest in SPARC Group (SPARC), a joint venture that includes Authentic and Simon Property Group and the core operating partner of Forever 21 in the U.S. In tandem, SPARC became a minority shareholder in SHEIN.
“SHEIN’s innovative approach to engaging with consumers gives them the ability to deliver trends at speed. With an evolving retail landscape, where digital interaction has become the cornerstone of e-commerce, SHEIN has led the way in redefining how brands connect with consumers,” said Jamie Salter, Founder, Chairman and CEO of Authentic. “We are excited to partner with SHEIN, as this collaboration perfectly fits into our distribution strategy for the brand’s new key markets.”
“We’re thrilled to bring the renowned Forever 21 brand to SHEIN customers using our manufacturing capabilities and online store,” said Donald Tang, Executive Chairman at SHEIN. “Forever 21 and SHEIN share a mission to deliver products that our customers love at an incredible value. This exciting new aspect of our partnership with Authentic furthers our goal of making fashion accessible to all and we look forward to bringing this to life for our customers.”
Forever 21 is globally renowned as one of the original trendsetting fashion retail brands. SHEIN is a leading, digital-first e-retailer that recently launched SHEIN Marketplace in regions including the U.S. By combining their respective strengths and resources, these two brands are poised to usher in a new era of digital access. Earlier this month, SHEIN hosted its first pop-up within a Forever 21 at Ontario Mills shopping center, with over 7,000 guests passing through.
About Authentic Brands Group
Authentic Brands Group (Authentic) is a global brand development, marketing and entertainment platform, which owns a portfolio of more than 50 iconic and world-renowned Lifestyle, Entertainment and Media brands. Headquartered in New York City, with offices around the world, Authentic connects strong brands with best-in-class partners and a global network of operators, distributors and retailers to build long-term value in the marketplace. Its brands generate more than $29 billion in global annual retail sales and have an expansive retail footprint in 150 countries, including 13,100-plus freestanding stores and shop-in-shops and 370,000 points of sale.
Authentic is committed to transforming brands by delivering powerful storytelling, compelling content, innovative business models and immersive experiences. It creates and activates original marketing strategies to drive the success of its brands across all consumer touchpoints, platforms and emerging media. Authentic’s brand portfolio includes Marilyn Monroe®, Elvis Presley®, Muhammad Ali®, Shaquille O’Neal®, David Beckham®, Dr. J®, Greg Norman®, Neil Lane®, Thalia®, Sports Illustrated®, Reebok®, Brooks Brothers®, Barneys New York®, Judith Leiber®, Ted Baker®, Hunter®, Vince®, Hervé Léger®, Hickey Freeman®, Frye®, Nautica®, Juicy Couture®, Vince Camuto®, Lucky Brand®, Aéropostale®, Forever 21®, Nine West®, Rockport®, Eddie Bauer®, Boardriders®, Quiksilver®, Billabong®, Roxy®, DC Shoes®, RVCA®, Element®, VonZipper®, Honolua®, Spyder®, Volcom®, Shark®, Tretorn®, Prince®, Airwalk®, Izod®, Jones New York®, Van Heusen®, Hart Schaffner Marx®, Arrow® and Thomasville®.
For more information, visit corporate.authentic.com.
Follow Authentic on LinkedIn, Instagram and X.
About SHEIN
SHEIN is a global online fashion and lifestyle retailer, offering SHEIN branded apparel and products from a global network of vendors, all at affordable prices. Headquartered in Singapore, SHEIN remains committed to making the beauty of fashion accessible to all, promoting its industry-leading, on-demand production methodology, for a smarter, future-ready industry. To learn more about SHEIN, visit www.sheingroup.com.
About Forever 21
Forever 21 is a fashion industry leader making the latest trends accessible to all while inspiring unique style and confidence. With a renewed focus on the customer experience, the brand offers high style designs and fashion basics with compelling values and a dynamic store environment. While driving innovation across e-commerce and digital to expand access and convenience, the brand continues to strengthen its positioning as today’s preferred destination for the fashionable consumer. Forever 21 is located in more than 572 locations globally and online. For more information visit Forever21.com.  For more info or to find a store location, please visit www.forever21.com. Follow @forever21 on Instagram, Facebook and Twitter.
Media Contacts: Angela Tucciarone, SHEIN, angela.tucciarone@sheingroup.com Giana Elenterio, Authentic Brands Group, gelenterio@authentic.com