Colorado-based apparel and footwear group VF Corporation announced on Monday that it will acquire NYC streetwear brand Supreme for $2.1 billion. The company plans to achieve $1 billion in sales with the label by 2024.
Rumours that Dr Martens could fetch as much as £1bn seem to be on the ball, and even a possible underestimation. Its private equity owners are reportedly seeking at least that figure to sell the expanding company.
U.S. apparel and footwear conglomerate VF Corporation and buyout funds Permira and Advent are lining up indicative offers for Italian shoe brand Golden Goose ahead of a mid December deadline, sources told Reuters.
On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after an NBA basketball manager tweeted support for the protests in Hong Kong.