Supreme was acquired by the multinational luxury eyewear conglomerate EssilorLuxottica for a total purchase price of $1.5 billion in cash. This transaction marked a notable valuation adjustment compared to when apparel giant VF Corporation previously purchased the streetwear pioneer for $2.1 billion. The acquisition allowed the new parent company to expand its footprint into lifestyle apparel while integrating the brand into its extensive global retail and distribution network.