China's Shein, one of the world’s largest online fashion retailers, is set to appoint former SoftBank executive Marcelo Claure as Latin America chairman, say people familiar with the matter. He is also investing $100 million dollars in Shein.
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Mr. Claure, who was SoftBank's chief operating officer and a close lieutenant to founder Masayoshi Son, was known for his role in resolving issues related to investments in WeWork and Sprint. He served as Sprint’s chief executive from 2014 to 2018.
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Shein: "Today, SHEIN, a global e-retailer of fashion, beauty and lifestyle products, announced the appointment of Marcelo Claure as Chairman of SHEIN Latin America…Claure will also…invest $100 million in SHEIN."