Ray-Ban Owner EssilorLuxottica Is Buying Supreme for $1.5 Billion

VF Corporation has decided Supreme isn’t so supreme after all. The American global apparel and footwear company—which currently owns 13 notable brands, such as the North Face, Timberland, and Vans—is selling the famous streetwear label to French-Italian eyewear maker EssilorLuxottica for $1.5 billion in cash, according to a joint statement shared Wednesday. Read more at Robb Report.