EssilorLuxottica to Acquire Supreme from VF Corporation

After months of speculation, VF Corporation is officially selling Supreme. The streetwear imprint is set to be acquired by global optical industry leader, EssilorLuxottica.EssilorLuxottica released a statement, confirming that the company has entered into a definitive agreement to acquire Supreme for $1.5 billion USD in cash. The streetwear brand was previously bought by VF Corp in November 2020 for $2.1 billion USD. EssilorLuxottica owns some of the most iconic eyewear brands, including Ray-Ban...