EssilorLuxottica Completes Acquisition of Supreme® from VF Corporation

Core Insights - EssilorLuxottica has completed the acquisition of the Supreme® brand from VF Corporation for a total purchase price of $1.5 billion in cash, subject to customary adjustments [1] Group 1: Acquisition Details - The acquisition has been cleared by all relevant competition authorities, indicating regulatory approval for the transaction [1] - The deal represents a significant investment in the lifestyle segment for EssilorLuxottica, enhancing its brand portfolio [1] Group 2: Company Background - EssilorLuxottica is recognized as a global leader in the optical industry, while VF Corporation is a leader in branded lifestyle apparel, footwear, and accessories [1]