on ESSILOR (EPA:EL)
EssilorLuxottica Completes Acquisition of Supreme® from VF Corporation
EssilorLuxottica, the world leader in the optical industry, announced the completion of its acquisition of the Supreme® brand from VF Corporation. The transaction, valued at $1.5 billion, has received approval from the relevant competition authorities.
Supreme®, known for its role in lifestyle apparel, footwear and accessories, joins an impressive portfolio of brands owned by EssilorLuxottica. This strategic acquisition strengthens the group’s position in the fashion and eyewear sector.
EssilorLuxottica thus continues its mission to meet the visual needs and personal style aspirations of its customers around the world. With this new integration, the group continues to expand its influence on the global market.
R. H.
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