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China's Shein buys US' Everlane in $100-mn deal: Report
short by Vaishnavi Mishra / on Tuesday, 19 May, 2026
China's online fast-fashion platform Shein is acquiring Everlane from majority owner L Catterton in ​a deal valuing the US-based apparel ‌retailer at about $100 million, Puck News reported. Those with ​common stock in Everlane will not ​receive a payout. L Catterton and Everlane CEO Alfred Chang ​had been seeking an investor to ​address ⁠roughly $90 million in debt.
read more at Reuters