Everlane
Clothing retailer · 11+ locations · NYC, DC, Boston, LA, Austin, Palo Alto
Everlane built its brand on 'radical transparency.' It laid off workers right after they moved to unionize, lost its founder, and was finally sold to Shein in 2026: the fast-fashion giant its marketing once defined itself against.
The Big Picture
Everlane built its brand on "radical transparency," laid off workers immediately after they petitioned to unionize, lost its founder, and was finally sold to Shein in May 2026 for roughly the size of its debt — wiping out common shareholders. Its acquirer scores worst among major brands on forced-labor benchmarks, putting every Everlane sustainability claim under new management. The brand now answers to the fast-fashion giant its marketing defined itself against.
The Dirty Details
Ownership
L CattertonPrivate Equity
L Catterton is the world's largest consumer-focused private equity firm, 40%-owned by luxury conglomerate LVMH and the Arnault family, with portfolio brands including Birkenstock. Its current and former holdings on Ferret span dining, fitness, and clothing, including two it has since sold (CorePower Yoga and Everlane).
Assets under management: ~$40B (2026)
See all L Catterton companies on FerretWhat do these scores mean? Learn more.
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Company data last updated July 2026
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