US authorities are conducting a national security review of Shein Global Holdings Ltd.'s purchase of American clothing retailer Everlane after [PERSON_NAME] sought approval for the deal. The review by the Committee on Foreign Investment in the [ADDRESS] ([PERSON_NAME]), an interagency panel led by the Treasury Department, began after the $80 million transaction was completed in May. People familiar with the matter, who asked not to be identified, said the action adds to growing regulatory hurdles for the [ADDRESS]-founded fast-fashion giant in one of its most important markets.

The transaction, finalized in May, marks another significant obstacle for Shein as it expands within the US retail sector.