HomeFinTechVF Corporation: Completes Acquisition of Supreme

VF Corporation: Completes Acquisition of Supreme

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  • VF Corporation, a global leader in branded lifestyle apparel, footwear, and accessories, completed its previously announced acquisition of Supreme®
  • Founded in 1899, VF Corporation is an apparel, footwear, and accessories company owning a family of iconic outdoor, active, and workwear brands
  • As a result of the transaction, Supreme® has become a wholly-owned subsidiary of VF Corporation
  • The acquisition accelerates VF’s retail-centric, hyper-digital business model transformation and builds on a long-standing relationship between Supreme® and VF
  • Supreme® expected to modestly accretive to VF’s revenue and adjusted earnings per share in fiscal 2021
  • The Supreme® brand expected to contribute at least $500 million of revenue and $0.20 of adjusted EPS in fiscal 2022
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