EssilorLuxottica's Billion-Dollar Purchase of Supreme from VF Corporation Sends Ripples Through Market
Wednesday, 17 July 2024, 08:22
EssilorLuxottica's Acquisition of Supreme from VF Corporation
In a major development, EssilorLuxottica has purchased the renowned Supreme brand from VF Corporation, causing a stir in the market.
Stock Price Impact and Ray-Ban's Future
The acquisition has led to a decline in stock prices, particularly affecting the eyewear segment, including Ray-Ban.
Strategic Decision by VF Corporation
VF Corporation's choice to sell Supreme was part of a portfolio evaluation, acknowledging the lack of synergies within their existing assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.