V.F. Corporation (VFC) , a leading figure in the apparel sector, recently unveiled a deal to sell Supreme, the acclaimed streetwear brand, to EssilorLuxottica, owner of renowned eyewear Ray-Ban. The news about this sale transaction, valued at $1.5 billion, propelled VFC's shares to surge 13.6% on Jul 17.The company’s decision to sell Supreme to EssilorLuxottica not only underscores V.F. Corp's strategic focus but also reflects the growing value and appeal of streetwear brands in the market. The substantial ...