Everlane’s Sale to Shein Sparks Sustainability Debate
The Cut reports that Shein reportedly bought Everlane for $100 million, with Everlane’s parent LCatterton and CEO Alfred Chang seeking to clear about $90 million in debt; the move raises questions about Everlane’s radical-transparency, sustainability ethos in the face of a fast-fashion buyer, especially given its public goals to cut emissions and reach net-zero.