Shein Acquires Everlane in a Surprising Merger of Fast Fashion and Ethical Retail
In an unexpected move, Shein has acquired direct-to-consumer fashion brand Everlane. The deal is reported to be valued at around $100 million, significantly lower than its previous valuation by private equity firm L Catterton in 2020. While financial details remain undisclosed, the acquisition signals a shift as fast fashion and ethical consumerism merge.