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Everlane is offering a rare 30%-off sale this Memorial Day weekend
The Shein-Everlane deal points to a new fashion power structure – one where value lies less in branding and more in supply chain.
Sustainable fashion brand Everlane reportedly selling out for $100 million to fast-fashion tycoon Shein: 'Tell me this is a joke'
Shein acquired Everlane for $100m (vs. peak valuation of $550m).
The Chinese fast fashion platform can use Everlane’s 11 stores in US to avoid tariffs.
Reports say clothes from this 767,000 sqft warehouse will come first. Based in Shanghai, it has total inventory value of $89.
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Critics call the reported sale of Everlane to Shein hypocrisy. Others say matching fast fashion’s speed and volume is the only way forward for sustainability.
The ultra-fast fashion giant will buy the majority stake in Everlane from LVMH-backed private equity firm L Catterton for an undisclosed amount, pending regulatory approval. Everlane employees were officially informed this morning.
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Leopold's 13F, Mike Isaac Joins, Data Center Fixes, Shein Buys Everlane, Falling Birth Rates