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Wish to Be Sold for $173M

The fast fashion retailer agreed to an offer by a Singapore-based company




Fast fashion online marketplace Wish will sell for $173 million in cash to Singapore-based Qoo10, according to a press release from the retailer. 

ContextLogic, which does business under the name Wish, decided to sell following “a thorough review of strategic alternatives with the assistance of outside financial and legal advisors,” said Tanzeen Syed, ContextLogic Board Chairman. 

The deal is awaiting approval by the ContextLogic Board.



MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

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