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Supreme, a streetwear brand with 12 stores and a cult, is sold to the parent company of Vans and Timberland in a deal that values the clothing company at around $ 2.1 billion.
VF Corp. buys the business from founder James Jebbia and a pair of private equity firms, Carlyle Group Inc. and Goode Partners LLC. Mr. Jebbia and Supreme’s management team will continue to manage the fashion brand, VF said Monday.
Based…
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