Shein acquires Everlane in reported $100 million deal
Fast-fashion giant Shein is acquiring sustainability-focused brand Everlane in a deal reportedly valued at $100 million. The transaction will leave common stockholders with nothing, marking the end of a prolonged period of financial strain for Everlane. The acquisition reflects Shein's strategy to expand its portfolio and tap into the growing demand for sustainable fashion, though Everlane's commitment to ethical production may face challenges under Shein's ownership. The deal is expected to close in the coming months, pending regulatory approval.
Key facts
- Shein is acquiring Everlane in a reported $100 million deal.
- Common stockholders will receive nothing from the transaction.
- The deal ends a prolonged period of financial strain for Everlane.
- Shein is a fast-fashion giant known for its ultra-low prices.
- Everlane is a brand built on transparency and sustainability.
- The acquisition is part of Shein's expansion strategy.
- The deal may face regulatory scrutiny.
- The transaction is expected to close in the coming months.
Entities
Institutions
- Shein
- Everlane
Sources
- Quartz —