Shein’s purchase of Everlane faces U.S. national security review

Shein’s acquisition of Everlane faces US national security review

The review is focused on potential issues linked to the China-founded retailer’s purchase of a firm that handles Americans’ personal data.

US Reviews Shein's Everlane Acquisition for National ...

Shein’s purchase of Everlane faces U.S. national security review

The China-founded fast-fashion giant voluntarily initiated the review by the Committee on Foreign Investment in the U.S. after the $80 million transaction was completed in May.

Shein’s Everlane purchase under US national security review

Shein’s purchase of Everlane faces a US national security review over data privacy concerns amid regulatory scrutiny of the Chinese fast-fashion giant. Read more at straitstimes.com.

Shein’s Acquisition of Everlane Under U.S. National Security Scrutiny

U.S. authorities are currently conducting a national security review of Shein Global Holdings's acquisition of American clothing retailer Everlane. The $80 million transaction took place in May, prompting the Committee on Foreign Investment in the U.S. (CFIUS) to initiate the review. Unlike usual practices, Shein proactively requested the review after the deal's completion, a move considered unusual in the industry. The review by CFIUS, which is…

Shein faces US national security review over Everlane acquisition

The national security review of Shein's Everlane acquisition highlights growing US-China tensions, impacting market strategies and regulatory landscapes. The post Shein faces US national security review over Everlane acquisition appeared first on Crypto Briefing.