The future is coming for Supreme. Financial sources said the luxury streetwear brand is quietly being shopped around to potential buyers and that VF Corp. — which bought Supreme for $2.1 billion in 2020 — is working with Goldman Sachs to review its portfolio at large. While VF Corp. has been public about its desire … Read more
Kipling and Body Glove are teaming up on a capsule of beach-ready accessories. The limited-release collection features three classic Kipling styles: a large drawstring backpack, a large waist pack and a small crossbody bag in three colors: black, pink and yellow. To introduce the collection, the companies are working with a range of women to … Read more
Cosmo Roe has a knack for being where the action is and he’s now zeroing in on the well-heeled with a new gig — head of global luxury and beauty in Goldman Sachs’ investment banking business. As the Goldman investment banker covering consumer technology, he worked on Amazon’s acquisition of Whole Foods, the sale of … Read more
VF Corp. is walking a fine financial line — just one step above “junk” status as it seeks to restart sales growth and unload brands to pay back debt. Standard & Poor’s on Friday cut its credit rating on VF to “BBB-minus” from “BBB.” That left the company in the last tier of the investment … Read more
The struggling — and rapidly reinventing — VF Corp. has made peace with activist investor Engaged Capital. VF said it would name luxury and fashion veteran Caroline Brown to its board in the wake of “constructive engagement with VF’s shareholders including Engaged Capital.” The company said it also “intends to appoint to the board another … Read more
