Supreme is valued one billion dollar
Carlyle Group is the new business partner of the street brand
Fashion
October 11th, 2017
October 11th, 2017
The rumors are confirmed: Carlyle Group is the new business partner of Supreme.
In July the investment fund has acquired the 50% of the brand for $ 500 million, bringing the New York brand to be valued at $1 billion, a figure of about 10 times the expected EBITDA - an economic index used to compare the results of different companies operating in the same industry - for 2017.
"We’re a growing brand",
said James Jebbia, founder of Supreme at Business of Fashion,
"and to sustain that growth we’ve chosen to work with Carlyle, who has the operational expertise needed to keep us on the steady path we’ve been on since 1994. Working with Carlyle allows us to concentrate on doing what we do best and remain in control of our brand, as we always have".
The stock quotes of the beloved streetwear brand have also grown thanks to the successful collaborations with Louis Vuitton, Comme des Garçons, and Stone Island, which have contributed not only to increase their reputation but also helped to reach a different economic development that touched its peak with the partial acquisition by Carlyle Group.
