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’ commitments

Everlane, 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.