News broke this morning that VF Corp, parent company of Vans, The North Face, and Timberland, has acquired Supreme for $2.1 billion. The Carlyle Group and Goode Partners, who famously purchased a stake in the brand in 2017, will be selling their shares as a part of the deal. James Jebbia made the below statement regarding the acquisition.
We are proud to join VF, a world-class company that is home to great brands we’ve worked with for years, including The North Face, Vans, and Timberland. This partnership will maintain our unique culture and independence, while allowing us to grow on the same path we’ve been on since 1994.
The deal is expected to close before the end of 2020.
Image Via Highsnobiety
