Shein buys Everlane at $100M, and the radical-transparency brand becomes a fast-fashion asset

L Catterton has sold its majority stake at a steep discount to the DTC era’s peak valuation. Common stockholders get nothing. The Everlane board signed on Saturday. Shein, the Chinese-founded ultra-fast-fashion giant, is acquiring Everlane, the San Francisco-based direct-to-consumer apparel brand, from majority owner L Catterton, according to reports in Bloomberg. The transaction values Everlane […]

This story continues at The Next Web

from https://thenextweb.com/news/shein-acquires-everlane-100m-l-catterton-dtc