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Market Chatter: Shein to Acquire Everlane in $100 Million Deal

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Chinese online retailer Shein is set to acquire U.S. apparel brand Everlane from majority owner L Catterton in a roughly $100 million deal, Puck News reported Sunday, citing sources.

Common stockholders in Everlane will not receive any payout from the transaction, and it is unclear whether preferred shareholders will receive cash or Shein shares, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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