Chinese fast-fashion company Shein to buy eco-friendly retailer Everlane
Everlane CEO confirms sale in letter to employees and says it will stay true to ‘sustainability’ commitmentsEverlane, the retailer that bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast fashion, China’s Shein.A letter to Everlane employees from CEO Alfred Chang confirming the deal was obtained by the Associated Press on Friday. …
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