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AAP

Business

ANNE D'INNOCENZIO (AP Retail Writer)

Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit

Everlane Neil Saunders King Charles III

NEW YORK (AP) — 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.

Everlane didn't disclose a purchase price. Shein declined to comment

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