Everlane Acquired by Shein | Consumer M&A Deal

Shein has completed the acquisition of Everlane, a retail business in Texas, for $1B. Shein acquisitions bring a global fast-fashion platform into the DTC apparel market, while Everlane operates a sustainability-focused direct-to-consumer clothing brand with supply chain transparency. Everlane, headquartered in Austin, Texas, is expected to continue running as an independent brand as part of the merger acquisition and strategic acquisition. The consumer M&A deal is announced as a strategic acquisition and merger acquisition valued at over $100M, with financial terms disclosed at $1B and no closing timeline provided.