China’s fast-fashion platform Shein is acquiring U.S. apparel brand Everlane from its majority owner, L Catterton, in a deal valuing the U.S.-based retailer at about $100 million, according to reports.
Those with Everlane common stock, which is known for its sustainability focus, will not receive a payout, sources told Puck News and The Information.
Puck News reported in March 2026 that private equity firm L Catterton and Everlane CEO Alfred Chang had been seeking an investor to address roughly $90 million in debt. In 2020, L Catterton, the LVMH-linked private equity firm, led an $85 million funding round to acquire a minority stake in Everlane and later became its majority owner.
Everlane operates 11 stores in major U.S. cities.
Image courtesy Everlane
