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Supreme, a streetwear brand with 12 stores and a cultish following, is being sold to the parent company of Vans and Timberland in a deal that valued the apparel maker at roughly $2.1 billion including debt. VF Corp. is buying Supreme from founder James Jebbia and a pair of private-equity firms, Carlyle Group Inc. and Goode Partners LLC. Mr. Jebbia and the fashion brand’s senior leadership team will continue to manage the business, VF said Monday. Posted By Persist |
