CFIUS Launches National Security Review of Shein's Acquisition of Everlane

The Committee on Foreign Investment in the U.S. (CFIUS), an interagency panel led by the Treasury Department, has launched a national security review of Shein Global Holdings Ltd.'s acquisition of American clothing retailer Everlane. The review began after the $80 million transaction was finalized in May 2026, with Shein voluntarily initiating the process. The scrutiny focuses on potential national-security issues related to Shein's handling of Americans' personal data, a growing concern in foreign investment reviews.