Supreme Acquired by EssilorLuxottica for $1.5 Billion, Less Than Previous Sale
Supreme, the iconic streetwear brand loved by celebrities and trendsetters, has been acquired by Italian eyewear giant EssilorLuxottica for $1.5 billion. This purchase price is significantly lower than the $2.1 billion VF Corp. paid for Supreme just four years ago. EssilorLuxottica, known for its eyewear brands like Ray-Ban and Oakley, announced the acquisition on Wednesday,…