Trending Now - Everlane's Shift: From Ethical Fashion to Shein's Influence
WHO:
Business Insider - Current employees of Everlane learned about the sale via social media and received no prior information until the confirmation.
The Cut - Shein has purchased Everlane.
NPR - CEO of Everlane, Alfred Chang, stated the acquisition marks "the start of a bigger chapter for Everlane and the team behind it."
NPR - Everlane was previously led by founder and former CEO Michael Preysman, who stepped down in 2022.
WHAT:
NPR - Everlane had taken on $90 million in debt as of 2022, which contributed to the decision to seek a sale.
The Cut - The reported sale price of Everlane to Shein was $100 million.
NPR - Everlane will remain "an independent brand, staying true to our longstanding brand values, sustainability commitments, and exceptional quality."
NPR - Everlane's financial struggles led to the decision to sell, with debt weighing heavily on the brand.
WHERE:
NPR - Everlane is based in California.
NPR - Shein was founded in China.
WHEN:
The Cut - Michael Preysman stepped down as CEO in 2022.
The Cut - Alfred Chang became CEO in 2024.
NPR - The deal was reported on May 17.
WHY:
NPR - The acquisition is seen as a potential lifeline for Everlane, with CEO Alfred Chang stating it will provide "expanded global reach, new capabilities, and greater opportunities."
NPR - The acquisition gives Shein a larger U.S. foothold and access to a higher-end online-retail model.
NPR - Everlane's majority owner, private equity firm L Catterton, decided to sell due to financial difficulties.
HOW:
NPR - Shein shelved its plans to become a publicly traded company in the U.S. or Europe due to extensive legal complaints and scrutiny over its labor practices.
NPR - Shein has attempted to shed its fast-fashion reputation with sustainability commitments.
(UPDATED May 23, 2026 11:18 UTC)
Everlane's current employees found out about the company's sale through social media, receiving no prior notice before the confirmation. The decision to seek a sale comes after Everlane took on $90 million in debt as of 2022, with CEO Alfred Chang suggesting that the acquisition could offer a lifeline by providing expanded global reach and new opportunities. Meanwhile, Shein has put its plans to go public in the U.S. or Europe on hold due to ongoing legal complaints and scrutiny regarding its labor practices.
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(UPDATED May 23, 2026 06:02 UTC)
Shein has acquired Everlane for $100 million, marking a significant shift for the California-based brand, which has faced financial struggles and debt. CEO Alfred Chang expressed that this acquisition represents "the start of a bigger chapter for Everlane and the team behind it," while ensuring the brand will remain independent and committed to its values of sustainability and quality. Founded in China, Shein aims to expand its U.S. presence and enhance its reputation by embracing a higher-end online retail model.