SHEIN and SPARC Group Join in a Strategic Partnership

Skadden advised SHEIN in connection with its recently announced strategic partnership with SPARC Group Holdings II LLC (SPARC Group). SHEIN is a global integrated online marketplace for fashion, beauty and lifestyle products. The partnership will focus on meeting the needs of customers in the U.S. 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.