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Wish’s Billion-Dollar IPO Plans Underscore McKinsey’s Fashion Outlook

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What does the near-term future hold for fashion? According to McKinsey’s latest State of Fashion report for 2021, the industry is bifurcating along two distinct lines, and Wish’s planned billion-dollar initial public offering underscores the opportunities for companies playing in the value-focused subsector. Announced Monday, an IPO could raise up to $1.1 billion for Wish,…

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