1 hr. ago
The Committee on Foreign Investment in the US (CFIUS) has launched a national security review of Shein's acquisition of clothing retailer Everlane, Bloomberg reported, citing unnamed sources.
The Treasury-led interagency panel began scrutinising the transaction after the $80m deal was finalised in May 2026.
Shein itself initiated the review process at that point—a departure from standard practice, since companies usually obtain CFIUS approval before a deal closes rather than afterwards.
The central question is whether Shein's ownership of a business holding US consumers' personal data poses a threat to national security.
No outcome has yet emerged from the review.
#everlane
The Treasury-led interagency panel began scrutinising the transaction after the $80m deal was finalised in May 2026.
Shein itself initiated the review process at that point—a departure from standard practice, since companies usually obtain CFIUS approval before a deal closes rather than afterwards.
The central question is whether Shein's ownership of a business holding US consumers' personal data poses a threat to national security.
No outcome has yet emerged from the review.
#everlane
