Shein Pays $100 Million for Sustainability-Focused Clothing Seller Everlane

Direct-to-consumer (D2C) clothing seller Everlane has reportedly been sold to fast-fashion-focused eCommerce giant Shein . The deal values Everlane at $100 million and was approved Saturday (May 16) by the Everlane board, according to a Sunday (May 17) report by journalist-owned-and-operated news site Puck. Everlane and its parent, investment management company L Catterton , had been in search of an investor to help settle roughly $90 million in debt, although L Catterron had also been open to a