Supreme Sold to EssilorLuxottica for $1.5 Billion

📌 VF Corporation will sell Supreme to EssilorLuxottica for $1.5 billion by the end of the year.

👉 EssilorLuxottica, the owner of Ray-Ban and Oakley, collaborates with brands like Ralph Lauren, Prada, Miu Miu, and Chanel.

🙌 Supreme's founder, James Jebbia, will remain involved in the development of Supreme🔥

👉 The Supreme online store has closed until the Fall/Winter 2024 season.