VF Corporation completes its acquisition of Supreme

VF Corporation announced that it has completed its purchase of
Supreme for a base purchase price of 2.1 billion dollars, subject to
customary adjustments for cash, indebtedness, working capital and
transaction expenses.

Supreme has become a wholly-owned subsidiary of VF Corporation.

The company expects its latest acquisition to modestly increase its
revenue and adjusted earnings per share in fiscal 2021, and eventually
contribute at least 500 million dollars of revenue in fiscal 2022,
according to a press release.


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