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GEN:Fast-fashion giant Shein to buy eco-friendly Everlane

Everlane, the retailer that has bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion Shein.

A letter to Everlane employees from their CEO Alfred Chang confirming the deal was obtained by the Associated Press on Friday.

Everlane, based in San Francisco, did not disclose a purchase price.

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