Editor
VF Corp. shocked the streetwear world when it announced last month that it would sell Supreme to eyewear giant EssilorLuxottica for $1.5 billion. It was more the buyer than the seller that came as a surprise; VF had struggled to implement its plan to scale Supreme after acquiring it in 2020, and badly needed the cash to pay down about $1 billion in loans coming due at the end of the year. Now, the company can focus on turning around Vans, its…
