Shein’s acquisition of Everlane for approximately $100 million has triggered a US national security review. Founded in China but headquartered in Singapore, Shein proactively sought regulatory approval rather than waiting for authorities to intervene. Everlane, once valued at $600 million and burdened with $90 million in liabilities, represents an opportunity for Shein to reach a wealthier customer base, but geopolitical concerns about Chinese companies threaten the deal. A prolonged review or a collapsed transaction could leave Everlane in an even more precarious position without a clear path forward.
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