When Puck announced on May 17 that sustainable fashion startup Everlane had been acquired by Chinese ultra-fast-fashion retailer Shein, it sent shockwaves throughout the apparel industry. Michael Preysman, who founded Everlane in 2011, was just as shocked.
“I found out the same time as everyone else,” he said in a LinkedIn post. “I’m not involved with the company anymore, and like many, am still digesting the news.” READ MORE