EssilorLuxottica, a global leader in the optical industry, and VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear, and accessories, announced that they have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme® brand from VF for US$1.5 billion in cash. The transaction is expected to close by the end of CY2024, subject to customary closing conditions and regulatory approvals.
Latham & Watkins LLP represents EssilorLuxottica in the transaction with a cross-border corporate deal team led by Chicago partners Jason Morelli and Bradley Faris and Milan partner Antonio Coletti, with associates Grace Kim, Jay Trewn, and Leah Beukelman. Advice was also provided on non-US corporate matters by Paris partner Charles-Antoine Guelluy and Tokyo partner Hiroaki Takagi, with associates Lorenzo Rovelli, Jason Zhao, Vincent Jiang, Angus Baird, Takatomo Terasaki, Nikolaus Becker, and Juliette Gilioli, on antitrust matters by Paris partner Jacques-Philippe Gunther, Washington, D.C. partner Farrell Malone, and Hamburg partner Jana Dammann, with associates Julien Morize, Marion Penloup, and Ivy Ziedrich; on intellectual property matters by New York partner Jeffrey Tochner, with associates Pelin Serpin and Sebastian Moss; on tax matters by Washington, D.C. partner Nicholas DeNovio, with associates Abigail Friedman and Angelina Richards; on compensation and benefits and labor matters by Chicago partners Benjamin Rosemergy and Nineveh Alkhas, Munich counsel Florian Dehmel, with associates Victoria Wolfe, Valerie Silva Parra, Harriet Gray, Yanis Gaoua, and Sahar Merchant; on data privacy matters by London partner Gail Crawford and Bay Area partner Robert Blamires, with associates Kiara Vaughn, Kathryn Parsons-Reponte, Lorenzo Meusburger, Bianca Lee, and Dyllan Brown-Bramble; on export controls/sanctions by Washington, D.C. counsel Ruchi Gill, with associate Monica Calce; on anti-corruption matters by New York partner Matthew Salerno; on real estate matters by Chicago partner Robert Fernandez, New York counsel Karen Ritter, London partner Quentin Gwyer, and Frankfurt counsel Sven Nickel, with associates Costa Thrasyvoulou and Katharina Wolf; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on and insurance matters by Los Angeles partner Drew Levin, San Diego/Los Angeles counsel Hannah Cary, with associate Enrique Covarrubias.