By  on December 18, 2017

When Supreme opened its Brooklyn store in early October, WWD asked Angelo Baque, the streetwear company’s former brand director who still oversees its art direction, if the business had changed since it collaborated with Louis Vuitton earlier in the year. His response? Everything was business as usual.

But the next day, WWD broke news that The Carlyle Group could be close to a deal to invest in the company. WWD later learned that the investment, which involved the private equity giant paying $500 million for a 50 percent stake in the business, had happened in July and the collaborative collection with Vuitton, which was unveiled at the brand’s men’s wear show in Paris in June, helped seal the deal.

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