M&A
confidence high
sentiment neutral
materiality 0.85
VF Corp sells Supreme brand to EssilorLuxottica for $1.5B cash
V F CORP
- Total purchase price $1.5B in cash; expected close by end of calendar year 2024.
- Supreme contributed $538M revenue and $166M operating income in VF's FY2024.
- Sale expected to be dilutive to VF's EPS in fiscal 2025.
- VF says transaction increases balance sheet flexibility and supports debt reduction.