Supreme Selling Enterprise Stake To invest Group
Update: In one other BoF-exclusive, James Jebbia confirms promoting stake in Supreme to non-public equity agency The Carlyle Group.
“We’re a rising model, and to sustain that development we’ve chosen to work with Carlyle, who has the operational experience needed to maintain us on stone island discount outlet the steady path we’ve been on since 1994,” mentioned Jebbia. “Working with Carlyle permits us to concentrate on doing what we do best and stay in control of our model, as we at all times have.”
Though Jebbia did not disclose any specifics around the newfound partnership, BoF figures Carlyle bought a minority stake in 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 collaboration. Along with this, the brand new York brand is now reportedly close to promoting a stake to the Carlyle Group, an asset management and funding firm based in Washington, D.C. in 1987.
In the meanwhile, details on the sale are scarce but WWD – the publication that initially broke the story — is reporting that the deal is near completion. This isn’t the first time that Supreme has been at the middle of buyout rumors, with Louis Vuitton dad or mum firm LVMH claimed to be behind a $500 million USD takeover last yr, although that was unanimously denied. Keep checking again the site for more data on the sale, and let us know within the comments what you suppose this implies for the future of Supreme.