Everlane

Shein pursues brand acquisitions after Hong Kong IPO

Days after completing its long-awaited Hong Kong initial public offering, Shein confirmed plans to acquire U.S. clothing brand Everlane for $80 million, marking the Chinese fast-fashion giant's first major step toward reinventing itself as a multi-brand retail platform.

Shein pursues acquisitions to revive growth after rocky Hong Kong IPO

Fresh off a turbulent Hong Kong stock market debut, Shein is turning to acquisitions to convince investors it can become more than a fast-fashion retailer. The company, sitting on roughly $15 billion in cash and another $1.74 billion raised through…