Menswear: The Official Supreme Thread


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Seventyfour
Seventyfour avatar

9123 posts since 6/10/05

22 Oct 2020 18:45
andrew_ wrote:
Seventyfour wrote: Any idea what time the Vans go online tomorrow?
Went up an hour ago. Only just saw.
Brown fully sold out. FFS.
Anyone see a UK9, let me know!

Yup I had them in my bag but failed Sad
Hanto
Hanto avatar

2401 posts since 30/11/09

posted 9 Nov 2020 12:12, edited 9 Nov 2020 12:12
Oh dear! Laughing out loud I guess that's one way to do more TNF collabs.

https://markets.ft.com/data/announce/detail?dockey=600-202011090655BIZWIRE_USPRX____BW5300-1

DENVER–(BUSINESS WIRE)–Nov. 9, 2020– VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, and Supreme®, a privately-owned global streetwear brand, today jointly announced that they have signed a definitive merger agreement. Current investors, The Carlyle Group and Goode Partners, are selling their stakes in the Supreme® brand.

The transaction is expected to be completed late in calendar year 2020, subject to customary closing conditions and regulatory approval. Additional details regarding the transaction and the strategic rationale supporting it will be reviewed during a VF conference call held at 8:30 a.m. Eastern Time today. The conference call will be broadcast live via the internet, accessible at ir.vfc.com. An investor presentation will also be available at the same location beginning at approximately 7:30 a.m. Eastern Time today and will be archived at the same location.

Supreme® sells apparel, accessories and footwear under its namesake brand globally through direct-to-consumer channels, primarily digital. The Supreme® brand’s founder, James Jebbia and the senior leadership team of the brand will remain with the company, headquartered in New York City, New York.

“We are thrilled to welcome Supreme® to the VF family and to build on our decades-long relationship as we create value for all of our stakeholders. VF is the ideal steward to honor the authentic heritage of this cultural lifestyle brand while providing the opportunity to leverage our scale and expertise to enable sustainable long-term growth,” said Steve Rendle, VF’s Chairman, President, and Chief Executive Officer. “The acquisition of the Supreme® brand is further validation of our vision and strategy to further evolve our portfolio of brands to align with the total addressable market opportunities we see driving the apparel and footwear sector. The Supreme® brand will further accelerate VF’s hyper-digital business model transformation and will be a meaningful driver of VF’s commitment to top quartile total shareholder return and long-term value creation.”

“We are proud to join VF, a world-class company that is home to great brands we’ve worked with for years, including The North Face®, Vans®, and Timberland®,” said Jebbia. “This partnership will maintain our unique culture and independence, while allowing us to grow on the same path we’ve been on since 1994.”

Morgan Stanley provided a fairness opinion in connection with the transaction, and Davis Polk & Wardwell LLP served as legal advisor.
C-Stylez
C-Stylez avatar

5196 posts since 4/7/12

9 Nov 2020 17:34
Final nail in the coffin
Copper
Copper avatar

2745 posts since 29/11/11

9 Nov 2020 17:49
Literally been shit for years
swiftus
swiftus avatar

1240 posts since 1/7/09

9 Nov 2020 18:14
Didn't know TNF, JanSport and Eastpak were owned by the same people. Interesting
themistake
themistake avatar

10747 posts since 20/2/06

9 Nov 2020 19:16
Copper wrote: Literally been shit for years

Sell outs.
Hanto
Hanto avatar

2401 posts since 30/11/09

9 Nov 2020 19:26
swiftus wrote: Didn't know TNF, JanSport and Eastpak were owned by the same people. Interesting

VF, Pentland Brands etc. own a huge amount of brands between them.
Anto
Anto avatar

3855 posts since 19/1/12

10 Nov 2020 09:17
Not that this will make such difference as it has been shit for year, but this is a very bad end
kid unknown
kid unknown avatar

5421 posts since 8/12/01

10 Nov 2020 10:26
“This partnership…..will maintain our independence….”

Laughing out loud
MattC
MattC avatar

797 posts since 20/3/12

10 Nov 2020 10:35
All the supreme “collectors” Laughing out loud
swiftus
swiftus avatar

1240 posts since 1/7/09

10 Nov 2020 10:47
MattC wrote: All the supreme “collectors” Laughing out loud

Won't OG Supreme gear just increase in value at a higher rate because of the newer shit stuff?
MattC
MattC avatar

797 posts since 20/3/12

10 Nov 2020 10:50
Surely they will saturate the market now with drivel, therefore further reducing the appeal of the brand. I would imagine that the older stuff would go down in value.

I may be wrong though!