Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane

Shein, the Chinese fast-fashion giant, is acquiring Everlane, an eco-friendly clothing retailer founded in 2011. The deal was confirmed through a letter to Everlane employees from CEO Alfred Chang, though the purchase price was not disclosed. This acquisition represents a significant shift as Everlane built its brand on sustainability and ethical sourcing, values that contrast with Shein's fast-fashion model.