Chinese fast-fashion company Shein to buy eco-friendly retailer Everlane
Chinese fast-fashion company Shein is set to acquire eco-friendly retailer Everlane, which has faced challenges in recent years. Everlane's CEO confirmed the sale in a letter to employees, emphasizing the company's commitment to sustainability despite the acquisition. The deal aims to provide Everlane with the financial stability needed to continue its operations while maintaining its brand identity.
- ▪Everlane was founded in 2011 with a mission to produce eco-friendly and affordable clothing.
- ▪The company has faced controversies regarding worker treatment and has seen declining sales.
- ▪Shein's acquisition is expected to provide Everlane with the resources needed to invest in product and innovation.
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An Everlane store. The company was founded wit a mission to produce eco-friendly clothing but has in recent years been embroiled in controversies. Photograph: Liz Hafalia/San Francisco Chronicle via Getty ImagesView image in fullscreenAn Everlane store. The company was founded wit a mission to produce eco-friendly clothing but has in recent years been embroiled in controversies. Photograph: Liz Hafalia/San Francisco Chronicle via Getty ImagesShein Chinese fast-fashion company Shein to buy eco-friendly retailer EverlaneEverlane CEO confirms sale in letter to employees and says it will stay true to ‘sustainability’ commitmentsAssociated PressFri 22 May 2026 11.46 EDTSharePrefer the Guardian on GoogleEverlane, the retailer that bucked the fast-fashion industry by promising affordable…
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