Michael Preysman and Jesse Farmer founded Everlane in San Francisco in 2011, and the brand opened its first physical store in 2017. Preysman stepped down in 2022.
The 2026 deal
In May 2026, Shein agreed to buy a controlling stake in Everlane from majority owner L Catterton, which had invested since 2020, the Associated Press reported. The price was not disclosed; Bloomberg Law, citing reports, put the valuation at about $100 million. Everlane CEO Alfred Chang told staff the brand would keep operating independently with its current leadership.
The products
Everlane’s Cult Favorites include the Way-High Jean, the Original Cheeky Jean, The Box-Cut Tee, The Day Glove flat, the Utility Barrel Pant and the Cocoon Crew in Alpaca.
In Los Angeles
Everlane opened its first permanent Los Angeles store in August 2019 at 1101 Abbot Kinney Boulevard in Venice, FashionUnited reported.
Where to find it
Everlane sells at everlane.com and in its stores.
Sources
- Associated Press via NBC Washington: Shein to buy Everlane
- Bloomberg Law: Shein buys Everlane, reports say
- Everlane: Cult Favorites
- FashionUnited: Everlane’s first permanent LA store (2019)
Featured photo: Ajay Suresh via Wikimedia Commons, CC BY 4.0. The photo shows an Everlane store in New York City in 2026.
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