VF Corporation Announces to Sell Supreme to Ray-Ban Maker Essilor Luxottica For $1.5 billion
The French-Italian eyeglasses manufacturer Essilor Luxottica will purchase the American worldwide clothing and footwear brand — which presently owns 13 prominent brands, including Vans, Timberland, and the North Face — for $1.5 billion in cash, as per a statement released by VF Corporation on Wednesday. According to VF CEO Bracken Darrell, the company’s strategic portfolio…