VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has completed its previously announced acquisition of Supreme, a privately-owned global streetwear brand, for an aggregate base purchase price of $2.1 billion. As a result of the transaction, Supreme has become a wholly owned subsidiary of VF Corporation.
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has completed its previously announced acquisition of Supreme, a privately-owned global streetwear brand, for an aggregate base purchase price of $2.1 billion. As a result of the transaction, Supreme has become a wholly owned subsidiary of VF Corporation.#
The acquisition of the Supreme brand accelerates VF’s consumer-minded, retail-centric, hyper-digital business model transformation and builds on a long-standing relationship between Supreme and VF, with the Supreme brand being a regular collaborator with VF’s Vans, The North Face and Timberland brands.
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has completed its previously announced acquisition of Supreme, a privately-owned global streetwear brand, for an aggregate base purchase price of $2.1 billion. As a result of the transaction, Supreme has become a wholly owned subsidiary of VF Corporation.#
"Supreme is expected to be modestly accretive to VF’s revenue and adjusted earnings per share in fiscal 2021. The Supreme brand is expected to contribute at least $500 million of revenue and $0.20 of adjusted EPS in fiscal 2022," VF Corporation said in a statement.
VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has completed its previously announced acquisition of Supreme, a privately-owned global streetwear brand, for an aggregate base purchase price of $2.1 billion. As a result of the transaction, Supreme has become a wholly owned subsidiary of VF Corporation.#
Fibre2Fashion News Desk (RKS)