Shein buys Everlane at $100M, and the radical-transparency brand becomes a fast-fashion asset
L Catterton has sold its majority stake at a steep discount to the DTC era’s peak valuation. Common stockholders get nothing. The Everlane board signed on Saturday. Shein, the Chinese-founded ultra-fast-fashion giant, is acquiring Everlane, the San Francisco-based direct-to-consumer apparel brand, from majority owner L Catterton, according to reports in Bloomberg. The transaction values Everlane […]<br /> This story continues at The Next Web [...]
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Europe probes Shein's addictive app design and illegal product sales
The European Commission (EC) has opened an investigation into low-cost fast fashion retailer Shein. EC officials are concerned about the sale of illegal products, including child sexual abuse material [...]
Shein takes Temu to London’s High Court over “industrial-scale” copyright theft
The two-week trial opened Monday. Shein’s complaint covers around 2,300 product images; Temu has abandoned its defence of those images and is countering with anti-competition claims. Shein accused T [...]
Temu and Shein aim for U.S. market supremacy — challenging Amazon's hold
Temu and Shein, two Chinese fast-fashion giants, are determined to increase their dominance in the U.S. market, challenging Amazon’s efforts to capture a share of the budget-friendly e-commerce spac [...]
Grok 4.1 Fast's compelling dev access and Agent Tools API overshadowed by Musk glazing
Elon Musk's frontier generative AI startup xAI formally opened developer access to its Grok 4.1 Fast models last night and introduced a new Agent Tools API—but the technical milestones were imm [...]
