Shein Reportedly (and Confusingly) Acquires Everlane

In today's surprising fashion industry news, private equity firm L Catterton is selling Everlane to none other than Chinese ultra fast-fashion giant Shein, Puck reported on Sunday. The deal valued Everlane at $100 million, and was reportedly approved by the board on Saturday.It's a rather...unique pairing, given that Everlane is a "sustainable" fashion darling with its transparent path to achieve net-zero emissions and its commitment to responsibly-sourced materials, and Shein is, well, Shein. T