, APAC
Photo by charlesdeluvio via Unsplash

EssilorLuxottica acquires Supreme from VF Corporation for $1.5b

The transaction is expected to close by the end of 2024.

EssilorLuxottica has announced a definitive agreement to acquire the Supreme® brand from VF Corporation for $1.5b in cash.

The transaction is expected to close by the end of the calendar year, pending customary closing conditions and regulatory approvals.

“It perfectly aligns with our innovation and development journey, offering us a direct connection to new audiences, languages and creativity,” Francesco Milleri, chairman and chief executive officer, and Paul du Saillant, deputy chief executive officer of EssilorLuxottica said in a joint statement.

“With its unique brand identity, fully-direct commercial approach and customer experience – a model we will work to preserve – Supreme® will have its own space within our house brand portfolio and complement our licensed portfolio as well,” they added.

Bracken Darrell, president and CEO at VF Corporation, also highlighted the strategic reasoning behind the sale.

“Under VF, Supreme® expanded its presence in the key markets of China and South Korea and has returned to delivering strong growth,” he said. 

“However, given the brand’s distinct business model and VF’s integrated model, our strategic portfolio review concluded there are limited synergies between Supreme® and VF, making a sale a natural next step,” Darrell said.

The Supreme brand operates a digital-first business model and 17 stores across the U.S., Asia, and Europe. The sale of Supreme is expected to be dilutive to VF’s earnings per share in fiscal 2025.

Advisors for the transaction include J.P. Morgan and Latham & Watkins for EssilorLuxottica, and Goldman Sachs, UBS, and Davis Polk & Wardwell for VF.
 

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

K3Mart memadukan budaya Korea dan produk UMKM lokal dalam satu gerai

Convenience store itu menyediakan perbandingan produk impor dan produk lokal sebesar 50:50 di 30 outlet mereka.

Meningkatkan penelusuran dan efisiensi manajemen inventaris dengan barcode 2D GS1

Barcode 2D ini berfungsi sebagai penyimpanan data yang kompak.

The Coffee Bean & Tea Leaf menyeimbangkan kualitas dan kenyamanan melalui produk ritel

Mereka memperluas rangkaian produk termasuk berbagai kopi single-origin yang disesuaikan dengan preferensi pemanggangan yang berbeda.

KCG menguasai brand positioning untuk segmen premium di Indonesia

Mereka mengadopsi solusi berbasis teknologi terbaru untuk sukses mengelola 92 toko ritel di 20 kota di Indonesia.

Ini alasan brand-brand mewah meningkatkan investasi AI

Sektor ini telah menginvestasikan lebih dari $360 juta dalam AI selama tiga tahun terakhir.

Bacha Coffee menguasai retail kaya sensorik di Jakarta

Memadukan warisan dan kemewahan, Bacha Coffee Plaza Senayan menghadirkan pengalaman unik bagi pecinta kopi Indonesia.

Bagaimana WCT Malls meningkatkan penjualan tenant melalui pemasaran terarah

Melalui pemasaran terarah, mal ini meningkatkan penjualan tenant dan tingkat okupansi.