The Or Foundation, a US and Ghana-based not-for-profit organization, and SHEIN, an online retailer of fashion and lifestyle products, on Tuesday announced a multi-year agreement which will launch SHEIN’s Extended Producer Responsibility Fund.
Sequoia China announced Thursday that it has led round-A investment in DESTREE, a Paris-based fashion and accessories brand. The specific financing amount was not disclosed.
Once again, foreign fashion brands have drawn ire in China, the second-largest luxury goods market in the world. This time it is French fashion powerhouse Dior that is the target of popular backlash.