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EssilorLuxottica completes acquisition of Supreme from VF Corporation

Oct 03, 2024

Acquiring Company

EssilorLuxottica SA

Acquired Company

Supreme

E CommerceFashionRetailLifestyle

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.

Quick answer

EssilorLuxottica SA is acquiring Supreme, announced October 3, 2024.

How much did EssilorLuxottica SA pay for Supreme?
The deal value was not disclosed.
What does EssilorLuxottica SA do?
EssilorLuxottica is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical equipment, and eyewear.

Source: Fundz verified event record.

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Company Information

Company

EssilorLuxottica SA

About

EssilorLuxottica is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical equipment, and eyewear. The company was formed through the merger of Essilor and Luxottica, bringing together strong brands and extensive expertise in the optical sector. It is dedicated to improving lives by helping people around the world see better. EssilorLuxottica operates multiple retail brands and offers a wide range of eyewear products.

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Frequently asked

Who acquired Supreme?

Supreme was acquired by EssilorLuxottica SA. The deal was reported on October 3, 2024. EssilorLuxottica is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical equipment, and eyewear. EssilorLuxottica SA is privately held.

When did EssilorLuxottica SA acquire Supreme?

EssilorLuxottica SA's acquisition of Supreme was reported on October 3, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Supreme do?

Supreme is a brand acquired from VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, for an aggregate base purchase price of $1.5 billion in cash subject to customary adjustments. It is privately held, operating in E Commerce.

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