Shein to acquire apparel retailer Everlane for 100 million
Shein agreed to acquire U.S. brand Everlane for 100 million dollars to bolster its sustainability image. Everlane will remain independent and use Shein's global reach.
Xurve View
Xurve View
Shein reached an agreement to acquire Everlane apparel brand for $100 million on the afternoon of May 22. The deal values the brand at $100 million, though common stockholders will reportedly receive no payout. Shein aims to leverage Everlane's sustainability credentials to enhance its image beyond fast fashion.
