Shein has finalized its acquisition of Everlane from the private equity firm L Catterton to address the brand's $90 million debt.Everlane will operate as an independent subsidiary while maintaining its sustainability mission under current CEO Alfred Chang.The deal comes after Everlane struggled with declining profitability following its $600 million valuation peak in 2020.Consumers expressed disappointment with the merger because they believe the partnership undermines the ethical values of the fashion retailer.