EssilorLuxottica to Acquire Supreme in Major Deal
EssilorLuxottica, a giant in the eyewear industry, has announced its plan to purchase Supreme, the iconic American streetwear brand, before the year concludes.
The French-Italian conglomerate will shell out a hefty $1.5 billion to acquire Supreme from its current owner, VF Corporation, known for brands such as Vans, Timberland, and The North Face. This transaction was confirmed through a joint statement.
Interestingly, this deal is valued significantly lower than the…