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EssilorLuxottica to Buy Supreme for $1.5 Billion

The French-Italian eyewear giant has agreed to buy the streetwear juggernaut from VF Corp. for $1.5 billion in cash, adding another lifestyle brand to a stable that already includes Ray-Ban and Oakley.
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EssilorLuxottica SA has agreed to buy the streetwear label Supreme from VF Corp. for $1.5 billion in cash. (Getty Images)

EssilorLuxottica SA agreed to buy the streetwear label Supreme from VF Corp. for $1.5 billion in cash, adding another lifestyle brand to the French-Italian eyewear company’s stable that already includes Ray-Ban and Oakley.

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