Everlane founder launches stillradical.com after Shein acquisition

Michael Preysman, who founded Everlane in 2011, has started a new project called stillradical.com following the brand's acquisition by Shein. The move comes after years of challenges at the company he built around transparency and sustainability.

Rumors of the Shein acquisition surfaced on May 17. The deal was finalized on May 22, with Preysman learning of it just 20 minutes beforehand. He described the outcome as ironic given Everlane's origins in challenging opaque practices in fashion manufacturing.

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Ultra-fast fashion giant Shein is planning to acquire sustainable clothing brand Everlane in a deal that would value the latter at 100 million dollars. Unconfirmed reports of the transaction have triggered strong reactions across the fashion sector.

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Shein will acquire a majority stake in Everlane from L Catterton for an undisclosed sum, pending regulatory approval. The deal was confirmed by both companies on May 22.

Vans and Zalando have launched a new collaboration collection featuring styles worn by three artists. The release follows their joint Go Off the Wall campaign.

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Moschino has named Loris Messina and Simone Rizzo as its new co-creative directors. The announcement comes days after the departure of Adrian Appiolaza.

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