Van parent VF Corp.'s stock up 1.3% after company announces sale of Supreme skating brand to EssilorLuxottica for $1.5 billion in cash
VF Corp's stock rose after announcing the sale of Supreme to EssilorLuxottica for $1.5 billion. The CEOs of both companies see the acquisition as a strategic move to reach new audiences and drive innovation. The deal is set to close by year-end.