Everlane is reportedly selling to Shein. The era of millennial optimism is officially over

Everlane—once an icon of ethical fashion—is reportedly being sold for $100 million to Shein, arguably the least ethical fashion brand on the market. Everlane had been on shaky financial ground for years, and majority owner L Catterton began shopping it around in March. But few expected it to sell to a Chinese retailer credibly accused of forced labor and labeled by Yale researchers as “the biggest polluter in fast fashion.” It’s the latest blow to a wave of ethical consumer brands...