Key facts
- Shein's potential acquisition of Everlane is being reviewed by U.S. national security officials.
- The Committee on Foreign Investment in the United States (CFIUS) is conducting the review.
- CFIUS scrutinizes foreign investments for potential national security risks.
The potential acquisition of U.S. apparel retailer Everlane by Chinese fast-fashion giant Shein is facing scrutiny from U.S. national security officials. The Committee on Foreign Investment in the United States (CFIUS) is reportedly reviewing the deal.
CFIUS is an inter-agency committee that reviews foreign investments in U.S. companies to determine if they pose a national security risk. Its reviews can lead to conditions being placed on a deal or, in some cases, recommendations for the President to block it.
Details regarding the specific national security concerns related to this particular transaction have not been disclosed.