VF Corporation Acquiring Supreme Streetwear Brand for $2.1 Billion

Ever eager to court youthful consumers, VF Corporation (NYSE: VFC) is buying edgy skatewear and apparel brand Supreme. The company announced Monday that it reached an agreement to purchase the stakes in the business held by The Carlyle Group and privately held Goode Partners in a deal valued at $2.1 billion.

Acquisitions are par for the course for VF. Over the years, the company has built itself into an important apparel and footwear conglomerate by acquiring such familiar brands as footwear makers Timberland and Vans, premium outdoor gear manufacturer The North Face, and Wrangler jeans.

Image source: Getty Images.

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Source Fool.com