Shein acquisition of Everlane

Overview

The fast-fashion retailer Shein acquired the American apparel brand Everlane for approximately $100 million, a figure significantly lower than Everlane’s previous peak valuation of $600 million. Analysts noted that while the deal included legal titles and customer lists, the brand’s reputation for ethical transparency might not transfer to Shein’s algorithmic business model.

Following the transaction, the Committee on Foreign Investment in the United States (CFIUS) initiated a review of the acquisition, which was valued at $80 million. Although the deal was completed in May, Shein proactively sought the review. The investigation is centered on national security risks related to access to sensitive American consumer data, including names, addresses, financial information, and geolocation, as well as potential vulnerabilities in supply chain and logistics software.

Entities

Everlane · Shein · China · United States · Committee on Foreign Investment in the United States

Timeline

1 day ago

[BUSINESS] 3 sources
SHEIN acquisition of Everlane faces US national security review
US authorities are reviewing SHEIN’s $80 million acquisition of Everlane, focusing on national security risks related to the potential access to sensitive American consumer data.
7 days ago

[BUSINESS] 2 sources
Shein acquires Everlane for approximately $100 million
Shein has acquired Everlane for roughly $100 million, marking a steep decline from the brand's $600 million peak valuation.

Sources

austrianart.net · finance.technews.tw · it-boltwise.de · scmp.com · syrupmarketing.com