Supreme has sold to VF Corp — the parent company of The North Face, Vans, Timberland, Eastpak, Napapijri and Dickies — VF Corp confirmed to Highsnobiety.
The acquisition — reported to exceed $2.1 billion — follows a long-standing relationship between Supreme and VF Corp, with Supreme being a regular collaborator with multiple of VF Corp-owned brands including The North Face, Vans and Timberland.
VF Corp, bought the American cult skateboard brand from private-equity firm Carlyle Group LP, which in October 2017 purchased 50 percent of the brand for roughly $500 million, valuing the streetwear label at nearly $1 billion.
Source: High Snobiety
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 