The global apparel, accessories and footwear company VF Corporation announced to acquire, fashion retail company Supreme. New York based Supreme, is a privately-owned global streetwear brand.
- As per agreement the Carlyle Group and Goode Partners, are selling their stakes in the Supreme brand.
- Supreme sells apparel, accessories and footwear under its namesake brand globally through direct-to-consumer channels, primarily digital.
In May 2020, The leading apparel and footwear company VF Corporation, announced more than $10.3 million worth of support in the fight against COVID-19. The company helps healthcare workers and those struggling to cope in the face of a historic pandemic.
VF Corporation, The VF Foundation, and the VF family of brands have used a people-first approach to make critical decisions about how to do the most good battling COVID-19.
VF has donated more than $7 million in cash to directly support emergency responders, provide testing kits, medical supplies and help the financially vulnerable access food and social services.
The donations include more than $2 million from VF Corporation and The VF Foundation to provide medical supplies, aid to healthcare workers, and food and social services in countries without strong social support systems.
In April 2020, The VF Foundation, the private grantmaking organization funded by VF Corporation, announced that it will contribute an initial $1.5 million to support local communities around the world as they respond to the COVID-19 pandemic.
About VF Corporation
VF Corporation headquartered in North Carolina, USA, is one of the worlds largest apparel, footwear and accessories companies. The company has more than 50,000 employees helping different brands of the company to connect with the people. The company is known by its iconic brands like Vans, The North Face, Timberland, Wrangler and Lee.