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forbes.comOnline fast-fashion retailer Shein is acquiring a majority stake in Everlane in a deal valuing the company at $100 million. The transaction has not been confirmed by either party.
middleeasteye.netRising fossil fuel prices following the Iran war have led to higher polyester production costs in India and Bangladesh. This development is affecting local suppliers in these countries. It may result in increased prices for fast-fashion retailers such as Zara and H&M.