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Date: July 2024
Buyer: EssilorLuxottica
Target: Supreme
Business: Streetwear
Value: $1.5billion
Details: Eyewear brand EssilorLuxottica, which owns brands Ray-Ban and Oakley, has acquired American streetwear brand Supreme from VF Corporation for $1.5billion in cash. VF Corporation, which also owns Vans, Timberland and The North Face, acquired Supreme back in 2020 for $2.1billion. Since then, Supreme has continued to expand internationally, most recently opening stores in Shanghai and Seoul.
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