Carlyle’s investment in Supreme not only gave the company a $1 billion valuation but also raised a series of questions: How did it score such a big valuation? What does that higher profile mean for the future of the business? And just when did the cooler-than-thou skate brand become so corporate?
The first two questions remain unanswered. The private equity giant has not spoken about its $500 million investment and is said to have agreed to not talk about its 50 percent stake given concerns about what it would do to the brand’s street cred. And the business’ future remains to be seen, although the early indications are that plenty of people are still more than willing to snatch up the brand’s looks.
Exclusive: @tommyhilfiger has tapped 22-year-old actress @zendaya to be his newest collaborator and together they will launch a see-now-buy-now collection in February. Speaking to WWD about the project, the Spider-Man actress said: “Fashion is more than just wearing cool clothes. It’s a way to celebrate self-expression and individuality, which is extremely empowering. This is why I am proud to partner with Tommy Hilfiger.” Tap the link in bio for the full scoop. #TommyXZendaya #wwdfashion
Fashion is facing a blistering pace of technology, a complex economic backdrop, and shifting social mores, priorities, and lifestyles. WWD's annual CEO summit on Oct. 30 and 31, will be the meeting place for some of the sharpest minds in the business who will address how these forces affect a consumer. Speakers this year include Antoine Arnault, Virgil Abloh, Gabriela Hearst, and Olivier Rousteing. Tap the link in our bio to find out more. #wwdceosummit