VF Corporation Acquires Iconic Streetwear Brand Supreme in a $2.1B All-Cash Deal.
Updated: Apr 6, 2021
Mattia Lamonaca - February 24, 2021
“We estimate that the streetwear market is a $50 billion global opportunity, driven by trends such as casualization, social influence, and self-expression. Supreme sits at the epicentre as the original category leader.” - Steve Rendle, CEO VF
Deal Overview: • Acquirer: VF Corporation • Target: Supreme • Industry: Fashion, Streetwear • Transaction Amount: $2.1B • Announcement Date: Nov 09, 2020
• Acquirer Advisor: Morgan Stanley