Chinese fast-fashion retailer Shein held its inaugural Shein X Design Summit in Los Angeles, which attracted designers LaQuan Smith and Laura Kim of Oscar de la Renta and Monse; stylist Maeve Reilly, and Hildun Corp CEO Gary Wassner. They spoke about their experiences in luxury fashion. The event aimed to celebrate the Shein X program, which since launching in 2021 has on-boarded 3,000 designers globally, manufacturing select pieces for them, sold on the Shein website, and paying a commission. The retailer invested $55m in the program, which supports a range of designers from “Project Runway” and fashion school alums to social media self-starters with just 1,000-plus followers. The retailer is also creating a fund to “help designers in time of need” and launching the Shein X Design Studio, which is a “WeWork for designers”. The company projected it will double its revenues to $58.5bn by 2025, as it prepares for an initial public offering later this year.
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