Supreme for Sale? VF Said to Be Shopping the Streetwear Brand [Yahoo! Finance]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: Yahoo! Finance
that VF Corp. — which bought Supreme for $2.1 billion in 2020 — is working with Goldman Sachs to review its portfolio at large. More from WWD EXCLUSIVE: Military Jackets and Ballgowns Inspired Dior's Capsule With Cult Brand Stone Island To Drive Growth in Brazil, Authentic Brands Group Names New Regional Head Cascale Names Under Armour's Colin Browne as CEO While VF Corp. has been public about its desire to spin off parts of its business, it has not disclosed that it is working with Goldman or that Supreme was one of the brands tagged for sale. A spokesman for VF said: “As a matter of policy, we don't comment on market rumors or speculation.” A spokeswoman for Goldman Sachs declined to comment. Supreme has been something of a fascination for fashion — and for the dealmakers who watched as private equity giant Carlyle invested in the business at a $1 billion valuation in 2017 and then doubled its money with the VF deal. Both of those sales prompted questions about how t
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VFC
Earnings
- 5/22/24 - Miss
VFC
Sec Filings
- 6/10/24 - Form 4
- 6/6/24 - Form 3
- 6/6/24 - Form 3
- VFC's page on the SEC website