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Alfred Chang

Steady2 stories2 sourcesLast updated: 5/22/2026

Related Topicsacquisition fast fashion sustainable clothing ethical sourcing retail industry supply chain debt sales decline

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Shein to Acquire Everlane, Merging Fast Fashion King with Ethical Retailer

Business·5/22/2026AI summary

Shein to Acquire Everlane, Merging Fast Fashion King with Ethical Retailer

China's Shein is acquiring Everlane, the retailer known for ethical and sustainable clothing. The deal aims to provide Everlane with financial stability amidst declining sales and mounting debt, though it may alienate core customers.

Guardian Business

Everlane Acquired by L Catterton, CEO Confirms

5/22/2026AI summary

Everlane Acquired by L Catterton, CEO Confirms

Everlane, the ethical fashion retailer founded in 2011, has been acquired by L Catterton, a private equity firm. CEO Alfred Chang confirmed the deal in a letter to employees on Friday. The purchase price was not disclosed, and Shein declined to comment.