Is It Time for Supreme to Sell Out?

Supreme’s 30th year in business will be defined by a landmark sale to an unexpected buyer.

The New York-based streetwear juggernaut, founded in 1994, was resold by the US apparel group VF Corp. to French-Italian eyewear conglomerate EssilorLuxottica this week

, a significant markdown from the $2.1 billion VF paid for it in 2020.

The deal gives VF Corp. access to quick cash as it seeks to shore up its balance sheet amid…