EssilorLuxottica Acquisition of Supreme Brand Causes Stock Price Drop
Wednesday, 17 July 2024, 11:47
EssilorLuxottica Acquires Supreme Brand
The renowned Ray-Ban maker, EssilorLuxottica, has finalized a deal to acquire the iconic Supreme brand from VF Corp. for a staggering $1.5 billion, solidifying its position in the luxury eyewear market.
Stock Price Impact
The stock price of EssilorLuxottica experienced a notable decline post the acquisition announcement, reflecting investor sentiment and market reaction to the significant purchase deal.
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