Shein Finally Confirms Everlane Sale
.jpg&w=1024)
Shein has confirmed its acquisition of a majority stake in Everlane, following speculation about the deal. The acquisition is pending regulatory approval and aims to help Everlane manage its debt while maintaining its brand identity. Everlane's CEO reassured employees that the company will continue to operate independently despite the ownership change.
- ▪Shein will acquire the majority stake in Everlane from LVMH-backed private equity firm L Catterton.
- ▪Everlane has accumulated approximately $90 million in debt, prompting the search for an investor.
- ▪CEO Alfred Chang emphasized that Everlane will maintain its design standards and brand philosophy post-sale.
Opening excerpt (first ~120 words) tap to expand
SustainabilityShein Finally Confirms Everlane SaleBy Bella WebbMay 22, 2026Photo: EverlaneSave StorySave this storySave StorySave this storyShein is officially on the path to acquiring Everlane, both companies have just confirmed, after much industry speculation. 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.As Puck reported in March, L Catterton had been on the hunt for an investor, hoping to clear about $90 million of debt Everlane had amassed.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Vogue.
