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VF Soars Most in 33 Years After $2.1 Billion Supreme Deal

  • Carlyle, partners could double investment after three years
  • Supreme is biggest VF deal since its Timberland purchase
"The Rise Of Supreme : 30 Years Of US Urban Culture" : Press Preview At Artcurial In Paris

Photographer: Chesnot/Getty Images

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VF Corp. jumped the most in 33 years after agreeing to buy Supreme, a streetwear fashion label, for $2.1 billion to bolster its portfolio of apparel and footwear brands.

The cash transaction, expected to be completed by year end, marks VF’s largest acquisition since it bought Timberland in 2011 for $2.3 billion. The Denver-based company also owns Vans and the North Face brands.