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Chronicles

The story behind the story

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Source: Shein is acquiring DTC clothing retailer Everlane, which focuses on sustainability and “radical transparency”, in a $100M deal

The Millennial D.T.C. company built a global brand based on sustainability and radical transparency.  Now, after a years-long slump …

Puck Lauren Sherman

Discussion

  • @wongmjane Jane Manchun Wong on x
    What's some good alternatives to Everlane now that SHEIN owns it? Quince?
  • @alisha_hg Alis on x
    IMO this Everlane acquisition by Shein is probably the final nail in the coffin for the niche optimism around good branding, values, and customer goodwill being enough to sustain a brand that was rampant in the 2010s.
  • @pitdesi Sheel Mohnot on x
    Brutal- Everlane was supposed to be the anti-SHEIN, now acquired by SHEIN for $100M It was a VC darling when it launched, raising from KP, Khosla, Maveron and others (~$145M raised) I think the bet was that consumers would pay more for ethical, sustainable basics, and that
  • @seanfrank Sean Frank on x
    Dtc brands will go down as the second worst venture capital asset class of all time This and crypto
  • @anuatluru Anu on x
    1) Millennial ethical mid-range brands are dead/dying and selling for parts. Gen Z is driving a new culture cycle that splits high/low (luxury or vintage/thrift). 2) Conscious consumerism identity has migrated more to digital consumption (what you watch, which apps you use,
  • @trungtphan Trung Phan on x
    Everlane's latest Instagram posts suggest the Everlane social team had no idea this Shien acquisition was coming [image]
  • Arielle Jackson Arielle Jackson on linkedin
    Everlane selling to Shein is one of those headlines that would have been unthinkable five years ago. …
  • @dude.computer Alex on bluesky
    everlane, the union busting assholes?  wow crazy, guess the union wasn't the problem [embedded post]
  • @miasato Mia Sato on bluesky
    There are a lot of brands that Shein should buy that would make sense but nobody wants to hear it 🤐  —  puck.news/everlane-is-...