# L Catterton, the private equity firm backed by luxury conglomerate LVMH, sold its majority stake in Everlane.

*business · news · 2026-05-22 · The New York Times*

## Key points

- Shein has acquired Everlane, previously majority-owned by L Catterton, for a reported $100 million.
- Everlane will continue to operate as an independent brand and maintain its sustainability commitments.
- Everlane's CEO Alfred Chang will remain in his role after the Shein acquisition.
- The acquisition follows Everlane's recent financial struggles and existing debt issues.

**Companies:** Shein, Everlane, L Catterton
**Countries:** United States

[Read the full story on The New York Times](https://www.nytimes.com/2026/05/22/style/shein-everlane-fast-fashion-sustainability.html)

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