Replace: In one other BoF-exclusive, James Jebbia confirms selling stake in Supreme to personal equity firm The Carlyle Group.
“We’re a growing brand, and to maintain that development we’ve chosen to work with Carlyle, who has the operational expertise needed to maintain us on the steady path we’ve been on since 1994,stated Jebbia. “Working with Carlyle permits us to focus on doing what we do greatest and remain in command of our model, as we all the time have./p>
Though Jebbia did not disclose any specifics across the newfound partnership, BoF figures Carlyle purchased 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. In addition to this, the brand new York model is now reportedly close to promoting a stake to the Carlyle Group, an asset administration and funding agency founded in Washington, D.C. in 1987.
At the moment, particulars on the sale are scarce however 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 guardian company LVMH claimed to be behind a $500 million USD takeover last yr, though that was unanimously denied. Keep checking again the site for extra info on the sale, and tell us in the feedback what you suppose this means for the future of Supreme.
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