Shein moves to acquire Everlane in a $100m Deal, Signaling Chinese Retailers’ Growth Despite Suspension of de minimis

Shein is acquiring U.S.-based apparel retailer Everlane from majority owner L Catterton in a deal reportedly valuing the struggling fashion brand at about $100 million. The transaction highlights how Chinese-founded online retailers continue expanding globally even after Washington moved to curb one of their biggest competitive advantages. According to Puck News, the acquisition would leave […] The post Shein moves to acquire Everlane in a $100m Deal, Signaling Chinese Retailers’ Growth Despite Suspension of de minimis appeared first on Tekedia.

Shein moves to acquire Everlane in a $100m Deal, Signaling Chinese Retailers’ Growth Despite Suspension of de minimis

Shein is acquiring U.S.-based apparel retailer Everlane from majority owner L Catterton in a deal reportedly valuing the struggling fashion brand at about $100 million. The transaction highlights how Chinese-founded online retailers continue expanding globally even after Washington moved to curb one of their biggest competitive advantages. According to Puck News, the acquisition would leave […]

The post Shein moves to acquire Everlane in a $100m Deal, Signaling Chinese Retailers’ Growth Despite Suspension of de minimis appeared first on Tekedia.

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