All articles tagged with #vf corporation
Originally Published 1 year ago — by HYPEBEAST
EssilorLuxottica is acquiring streetwear brand Supreme from VF Corporation for $1.5 billion USD. Supreme will continue to operate as a global lifestyle apparel brand, with founder James Jebbia remaining involved. The deal is expected to close by the end of 2024.
Originally Published 1 year ago — by WWD
EssilorLuxottica has agreed to acquire the Supreme brand from VF Corporation for $1.5 billion in cash. The acquisition is expected to close by the end of the year, subject to regulatory approvals. Supreme, known for its digital-first business and 17 global stores, will join EssilorLuxottica's portfolio, leveraging the eyewear giant's expertise and operating platform. VF Corporation, which bought Supreme for $2.1 billion in 2020, decided to sell due to limited synergies with its integrated model.