Source: Shein is acquiring US DTC brand Everlane from its majority owner, L Catterton, in a $100M deal; Everlane sought funding to clear ~$90M in debt (Lauren Sherman/Puck)

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Lauren Sherman / Puck:
Source: Shein is acquiring US DTC brand Everlane from its majority owner, L Catterton, in a $100M deal; Everlane sought funding to clear ~$90M in debt  —  The Millennial D.T.C. company built a global brand based on sustainability and radical transparency.  Now, after a years-long slump …

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