Skip to main content
See every side of every news story
Published loading...Updated

Shein To Reportedly Acquire Everlane For $100 Million

  • On Saturday, the board of San Francisco-based direct-to-consumer label Everlane approved its sale to Chinese-founded fast-fashion company Shein for approximately $100m, Puck News reported.
  • Private-Equity firm Catterton is exiting its majority stake through this debt-driven deal, as the firm had been managing about $90m in liabilities and seeking new investment for over a year.
  • Founded in 2011 by Michael Preysman and Jesse Farmer on a thesis of 'radical transparency', Everlane once commanded a $250m-plus valuation, though holders of common stock will receive no payout.
  • For Shein, the deal offers strategic incentive to absorb a US-brand asset ahead of a potential IPO, as the retailer has more than doubled profits to over $2bn.
  • The CEO Alfred Chang oversaw the 14-month sale process while Everlane navigated an escalating European regulatory cycle, including the Digital Services Act and a London High Court copyright trial with Temu earlier this month.
Insights by Ground AI
Podcasts & Opinions

38 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 65% of the sources lean Left
65% Left

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Puck broke the news in United States on Sunday, May 17, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal