Shein is officially acquiring Everlane, both companies have just confirmed. After much speculation, the ultra-fast fashion giant will take a majority stake in Everlane from LVMH-backed private equity firm L Catterton, pending regulatory approval. The news comes after almost a week of leaks, unconfirmed reports, and hot takes swirling. Behind the scenes, #Shein and #Everlane were busy with due diligence. BellaWebb_ has all the details at the link in bio.