Drew Bernstein, co-founder and co-chairman of Marcum Asia, is quoted in Mergermarket regarding Shein’s business model.
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“The number one question investors have is: How sustainable is their business model? They are at the top of the fast fashion industry today, but we are seeing only part of the picture. If they want to raise billions of dollars, they have to start answering questions,” said Drew Bernstein, managing partner at Marcum Asia, an accountancy firm, in reference to scrutiny around the company’s sourcing, labor practices and IP infringement claims.