Supreme acquired by optics giant Essilorluxottica for US$1.5 billion

Featured image of the article Supreme acquired by optics giant Essilorluxottica for US$1.5 billion

An article by Morgane Monteiro

Publication

19 July 2024 à 11h21

Reading time

1 minute

Publication: 19 July 2024 à 11h21

Reading time: 1 minute

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An article by Morgane Monteiro

Publication

19 July 2024 à 11h21

Reading time

1 minute

Publication: 19 July 2024 à 11h21

Reading time: 1 minute

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On July 17, optics manufacturer Essilorluxottica (sales of US$27.21 billion in 2023, up by 7.1% at constant exchange rates) announced a purchase of  New York-based Supreme from VF Corp for US$1.5 billion, effective by December 2024. The streetwear label (17 stores in the U.S.A., Europe and Asia) had been the subject of sale discussions for several months. JPMorgan, Latham & Watkins, Goldman Sachs and UBS were involved in the negotiations. For VF Corp, this separation is part of a review of a br

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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