Acquiring Company
EssilorLuxottica
Acquired Company
Supreme
LifestyleRetailFashionE Commerce
Description
EssilorLuxottica, a global leader in the optical industry, has successfully closed the acquisition of the Supreme® brand from VF Corporation for an aggregate base purchase price of $1.5 billion in cash. This acquisition strengthens EssilorLuxottica's position in the eyewear and fashion industry.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed