Everlane is the latest beloved Millennial brand that’s selling out to stay alive

era of the pandemic. At the same time, as interest rates climbed, the venture-capital pipeline dried up, leaving the company sitting on $90 million of debt.

Everlane’s CEO and private-equity giant L Catterton, which acquired a minority stake in the company in 2020, had been shopping the brand around for a few months, according to Puck’s Lauren Sherman,continue reading …