Fast-fashion giant Shein’s rumored acquisition of sustainability-focused retailer Everlane for a reported $100 million has raised fresh concerns about environmental values and credibility in the fashion world.
The reports of the potential sale, first reported by Puck, are based on an anonymous source that Newsweek was unable to independently verify. When contacted for comment, a spokesperson for Everlane told Newsweek: “We don’t have more to share at this time,” noting that the company would be in touch. Newsweek has contacted Shein for comment via email and the company’s online contact form.
https://www.newsweek.com/shein-everlane-deal-sustainable-retail-market-11971329