Shein’s Purchase of Everlane Faces US National Security Review

Shein’s Purchase of Everlane Faces US National Security Review US authorities are conducting a national security review of Shein Global Holdings Ltd.’s purchase of American clothing retailer Everlane after Shein sought approval for the deal, people familiar with the matter said, adding to a growing list of regulatory hurdles for the China-founded fast-fashion giant in one of its most important markets. The review by the Committee on Foreign Investment in the US (Cfius), an interagency panel led by the Treasury Department, began after the $80 million transaction was completed in May, according to the people, who asked not to be identified discussing private deliberations.