Indian businessman and investor, founder and CEO of ARISE IIP Gagan Gupta poses during a photo session in his office in Paris on June 16, 2026. (Photo by Joel Saget / AFP via Getty Images)

Indian businessman and investor, founder and CEO of ARISE IIP Gagan Gupta poses during a photo session in his office in Paris on June 16, 2026. (Photo by JOEL SAGET / AFP via Getty Images)

Options trader, and New York Knicks fan Ousama Fayek works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)

Trader Daniel Kryger, left, works on the floor of the New York Stock Exchange, Monday, June 15, 2026. (AP Photo/Richard Drew)

(FILES) This photograph shows the BHV store (Bazar de l'Hotel de Ville) in Paris on October 5, 2025. SGM, co-founded by Frédéric Merlin, announced on June 16, 2026, that it would sell the business assets of BHV Marais to the Paris department store's "management team," which has decided to "put an end" to its much-criticized partnership with Shein, considered a "strategic mistake". (Photo by JOEL SAGET / AFP via Getty Images)

(FILES) Frederic Merlin, president of the Societe des Grands Magasins (SGM) and owner of BHV, poses during a photo session in Paris, on October 22, 2025. SGM, co-founded by Frédéric Merlin, announced on June 16, 2026, that it would sell the business assets of BHV Marais to the Paris department store's "management team," which has decided to "put an end" to its much-criticized partnership with Shein, considered a "strategic mistake". (Photo by Thibaud MORITZ / AFP via Getty Images)

(FILES) This photograph shows a sign with an advertising picture of president of French real estate group the Societe des Grands Magasins (SGM), and owner of BHV, Frederic Merlin (L), and of Chinese and US businessman and Executive Chairman of Shein Group, Donald Tang, on the facade of the Bazar de l'Hotel de Ville (BHV) department store in Paris on November 3, 2025, just days before Shein opens its first physical store at BHV in Paris. SGM, co-founded by Frédéric Merlin, announced on June 16, 2026, that it would sell the business assets of BHV Marais to the Paris department store's "management team," which has decided to "put an end" to its much-criticized partnership with Shein, considered a "strategic mistake". (Photo by Julie SEBADELHA / AFP via Getty Images)

(FILES) A customer walks through the Asian e-commerce giant Shein's store at the Bazar de l'Hotel de Ville (BHV) department store in Paris on March 19, 2026. SGM, co-founded by Frédéric Merlin, announced on June 16, 2026, that it would sell the business assets of BHV Marais to the Paris department store's "management team," which has decided to "put an end" to its much-criticized partnership with Shein, considered a "strategic mistake". (Photo by Charlotte SIEMON / AFP via Getty Images)