Supreme Promoting Business Stake To take a position Group
Update: In another BoF-unique, James Jebbia confirms promoting stake in Supreme to private equity firm The Carlyle Group.
“We’re a growing brand, and to sustain that growth we’ve chosen to work with Carlyle, who has the operational expertise needed to keep us on the steady path we’ve been on since 1994,” stated Jebbia. “Working with Carlyle allows us to focus on doing what we do best and stay in charge of our model, as we all the time have.”
Although Jebbia did not disclose any specifics around the newfound partnership, BoF figures Carlyle bought a minority stake within the enterprise.
It’s been a busy week for Supreme, with the opening of its new Brooklyn store and the launch of this season’s Stone Island stone island hooligan jacket collaboration. Along with this, the new York model is now reportedly close to promoting a stake to the Carlyle Group, an asset administration and investment firm based in Washington, D.C. in 1987.
In the meanwhile, details on the sale are scarce however WWD – the publication that initially broke the story — is reporting that the deal is close to completion. This isn’t the primary time that Supreme has been at the center of buyout rumors, with Louis Vuitton parent firm LVMH claimed to be behind a $500 million USD takeover last yr, though that was unanimously denied. Keep checking back the site for more information on the sale, and tell us in the feedback what you assume this implies for the way forward for Supreme.
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