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Shein in talks to acquire struggling eco-fashion brand Everlane

Fast-fashion giant Shein is reportedly in talks to acquire the eco-conscious brand Everlane. The potential deal comes as Everlane faces financial difficulties, including weak sales and increased debt. Everlane, founded with a mission for sustainable and affordable clothing, has previously faced scrutiny over its labor practices and environmental impact. AI

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RANK_REASON Acquisition talks between two companies, neither of which is a frontier AI lab.

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Shein in talks to acquire struggling eco-fashion brand Everlane

COVERAGE [1]

  1. SCMP — Tech TIER_1 · Associated Press ·

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

    Everlane, the retailer that bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion, China’s Shein. A letter to Everlane employees from CEO Alfred Chang confirming the deal was obtained by …