U.S. authorities conduct a national security review into Shein Global Holdings Ltd.’s purchase of American clothing retailer Everlane, according to people familiar with the matter. The review follows Shein’s request for approval related to the transaction and adds to regulatory scrutiny facing the fast-fashion company in the U.S., one of its key markets.
Bloomberg reports that the review is being handled by U.S. authorities after Shein sought clearance, suggesting further oversight beyond routine regulatory processes. The Japan Times adds that Shein voluntarily initiated the review through the Committee on Foreign Investment in the U.S. after the deal closes. The outlets describe the transaction as an approximately $80 million purchase completed in May.
While details of the specific concerns driving the review are not provided in the reports, both accounts characterize the process as a formal national-security assessment triggered by the transaction’s completion and Shein’s interaction with U.S. foreign investment review mechanisms.
