M&A Deal Summary

EssilorLuxottica Acquires Supreme

On July 17, 2024, EssilorLuxottica acquired apparel/textiles company Supreme from VF for 1.5B USD

Acquisition Highlights
  • This is EssilorLuxottica’s 2nd transaction in the Apparel/Textiles sector.
  • This is EssilorLuxottica’s 2nd largest (disclosed) transaction.
  • This is EssilorLuxottica’s 16th transaction in the United States.
  • This is EssilorLuxottica’s 1st transaction in New York.

M&A Deal Summary
Date 2024-07-17
Target Supreme
Sector Apparel/Textiles
Buyer(s) EssilorLuxottica
Sellers(s) VF
Deal Type Divestiture
Deal Value 1.5B USD

Target

Supreme

New York, New York, United States
Supreme sells apparel, accessories, and footwear under its namesake brand globally through direct-to-consumer channels, primarily digital. Supreme is based in New York City.

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Buyer(S) 1

Buyer

EssilorLuxottica

Paris, France
Category Company
Founded 1849
Sector Consumer Products
Employees151,292
Revenue 25.4B EUR (2023)
DESCRIPTION

EssilorLuxottica is a provider of vision solutions and design to manufacture, the group develops a wide range of lenses to correct and protect eyesight. EssilorLuxottica was founded in 1849 and is based in Paris, France.

DEAL STATS #
Overall 57 of 57
Sector (Apparel/Textiles) 2 of 2
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 16 of 16
Year (2024) 3 of 3
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Heidelberg Engineering

Heidelberg, Germany

Heidelberg Engineering specializes in diagnostic solutions, digital surgical technologies, and healthcare IT for clinical ophthalmology. Heidelberg Engineering is based in Heidelberg, Germany.

Buy -

Seller(S) 1

SELLER

VF

Denver, Colorado, United States
Category Company
Founded 1899
Sector Apparel/Textiles
Employees18,000
Revenue 10.5B USD (2024)
DESCRIPTION
Entrance to VF Corp.'s VF Jeanswear office in Greensboro, North Carolina.
Entrance to VF Corp.'s VF Jeanswear office in Greensboro, North Carolina.

VF is a producer of branded lifestyle apparel with more than 30 brands. VF was founded in 1899 and is based in Greensboro, North Carolina.

DEAL STATS #
Overall 11 of 11
Sector (Apparel/Textiles) 10 of 10
Type (Divestiture) 10 of 10
State (New York) 3 of 3
Country (United States) 11 of 11
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Workwear Outfitters

Nashville, Tennessee, United States

Workwear Outfitters is a supplier of work apparel and footwear for diverse occupations. Brands under the Workwear Outfitters umbrella include Red Kap®, Bulwark®, VF Solutions®, Kodiak®, Terra®, Walls®, Liberty®, Work Authority®, Workrite® Fire Service, Chef Designs®, and Horace Small®. Workwear Outfitters is also the exclusive licensee for Dickies® apparel in the B2B channel. Workwear Outfitters is based in Nashville, Tennessee.

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