VF Corporation Announces Sale of Supreme to EssilorLuxottica
Wednesday, 17 July 2024, 07:38
VF Corp Sells Supreme to EssilorLuxottica
VF Corporation (VF Corp) has finalized a deal to sell the popular streetwear brand Supreme to eyewear giant EssilorLuxottica for $1.5 billion in cash. This strategic move is poised to impact both companies' market presence significantly.
Key Points:
- Acquisition Deal: VF Corp sells Supreme to EssilorLuxottica for $1.5 billion.
- Industry Impact: The sale reshapes the streetwear and eyewear market landscapes.
- Business Strategy: VF Corp focuses on core business areas with this sale.
Conclusion: The sale of Supreme by VF Corp to EssilorLuxottica marks a transformative business deal with wide-reaching implications for both industries involved.
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.