×
27 074
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Washington
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Millbury
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Louisville
MARMAXX
2nd Shift - Loss Prevention Specialist
Permanent · Woburn
TJ MAXX
lp Detective
Permanent · Fort Myers
HOMEGOODS
70118-lp Detective
Permanent · East Hanover
TJ MAXX
lp Detective
Permanent · Jacksonville
BATH & BODY WORKS
District Manager - Bath & Body Works - Central Coast/la Valley
Permanent · Anaheim
PINK
Brand Operations Manager-Clackamas Town
Permanent · Happy Valley
BATH & BODY WORKS
District Manager - Bath & Body Works - Las Vegas, nv
Permanent · Las Vegas
L'OREAL GROUP
Regional Education Manager (Vichy, la Roche-Posay, Cerave)
Permanent · Deming
L'OREAL GROUP
Critical Market Manager (Vichy, la Roche-Posay, Cerave)
Permanent · New York
L'OREAL GROUP
Manager - Business Process Improvement Accounting
Permanent · St. Petersburg
LEVI'S
SEO Coordinator
Permanent · San Francisco
MAC
Director, Global Digital Creative Design
Permanent · New York
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Las Vegas
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Modesto
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Great Bend
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Yuma
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Champaign
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Memphis
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Bangor
Translated by
Robin Driver
Published
Jan 4, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VF Corp completes acquisition of Supreme

Translated by
Robin Driver
Published
Jan 4, 2021

In the days between Christmas and the New Year, Supreme officially joined the VF Corp portfolio. The American conglomerate, which already owns The North Face, Timberland, Vans and Dickies, announced that it had completed the preliminary stages of the high-profile acquisition on December 28, paying $2.1 billion for the cult New York-based streetwear label. 


A Supreme store in Paris - Supreme


Founded by James Jebbia in 1994, Supreme was initially a store on the corner of Lafayette Street and Prince Street, in NYC. With its acquisition by VF Corp, the label will be joining a portfolio made up of brands with which it has been collaborating for a number of years. 

In documents submitted to the United States Securities and Exchange Commission, Denver, Colorado-based VF further explained that, if certain post-closing milestones are met, the company could pay up to another $300 million for the brand.

According to the group, which will wrap up its fiscal year at the end of March 2021, Supreme's contribution to the current year is expected to be modest. As of the next fiscal year, however, the company predicts that the brand will contribute around $500 million to its annual revenues, with further growth expected for the following years. In fiscal 2020, which closed in March 2020, the American group reported revenues of $10.49 billion. 

Copyright © 2021 FashionNetwork.com All rights reserved.