Fast-fashion retailer Shein to buy Everlane for $500 million, Puck reports
Summary
Shein, a major fast-fashion company owned by China, plans to buy the American clothing brand Everlane for $100 million. This deal will make Shein a larger player in the fashion market.Key Facts
- Shein is a fast-fashion retailer based in China.
- Everlane is an American clothing brand.
- Shein has approved a plan to buy Everlane.
- The purchase price is $100 million.
- This acquisition was reported by Puck and shared by CBS News.
- The deal will expand Shein's presence in the fashion industry.
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