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- Oct 2, 202490% CONFIDENCEfrom the source
EssilorLuxottica Completes Acquisition of Supreme from VF Corporation
- EssilorLuxottica completed its acquisition of Supreme from VF Corporation on October 2, 2024[1]
- The two companies had signed a definitive Stock and Asset Purchase Agreement on July 16, 2024, for an aggregate base purchase price of $1.5 billion in cash, subject to customary adjustments[1]
- VF Corp had bought Supreme for $2.1 billion in November 2020, and its exit four years later came as the group worked to cut debt by shedding brands outside its core outdoor and workwear portfolio[2]
References 284% CONFIDENCE
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- [1]90%vfc.com/news/press-release/1841/essilorluxottica-completes-acquisition-of-supreme-from-vfvfc.com· Posted Sep 25, 2026· Starts Oct 2, 2024 ✓· 50% of score
The joint press release is datelined "Paris, France and Denver, CO - October 2, 2024 - 7am CEST" (05:00 UTC), stating EssilorLuxottica "today announced the completion" of the acquisition.
- [2]78%Supreme (brand)en.wikipedia.org· Added Sep 25, 2026· 50% of score
States VF Corporation "agreed to buy Supreme in an all-cash deal for $2.1 billion" in November 2020, the purchase VF Corp was unwinding with this $1.5 billion sale.[1]
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