Everlane Acquired by SHEIN | Consumer M&A Deal

SHEIN has acquired Everlane, a consumer brands dtc business in New York, for $100 million. Everlane is a direct-to-consumer fashion brand known for apparel and modern basics, while SHEIN acquisitions expand consumer brands dtc acquisition capabilities in the U.S. market. The consumer M&A merger acquisition combines Everlane’s customer base and product assortment with SHEIN’s global sourcing and online fashion platform, supporting NY acquisitions. The strategic acquisition is announced as a merger acquisition valued at about $100 million, with the deal framed around Everlane’s debt burden and expected to close under standard conditions.