Shein agreed to acquire one-third of interest in SPARC Group LLC from Authentic Brands Group LLC and Simon Property Group, Inc. (NYSE:SPG) on August 24, 2023. As part of the consideration, Shein will issue its common stock, which will result in SPARC becoming a minority shareholder in Shein. Dohyun Kim, Page W. Griffin, Victor Hollender, Layton Z. Niu and Laura Westfall of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Shein.

Shein agreed to completed the acquisition of one-third of interest in SPARC Group LLC from Authentic Brands Group LLC and Simon Property Group, Inc. (NYSE:SPG) on October 27, 2023.