EssilorLuxottica to acquire Supreme from VF for $1.5bn.

EssilorLuxottica, an Italian-French vertically integrated multinational corporation, agreed to acquire Supreme, a privately-owned global streetwear brand, from VF, an apparel and footwear company, for $1.5bn. “In EssilorLuxottica, we have a unique partner that understands that we are at our best when we stay true to the brand and continue to operate and grow as we have for the past 30 years. This move lets us focus on the brand, our products, and our customers, while setting us up for long-term success,” James Jebbia, Supreme Founder.