• Skip to primary navigation
  • Skip to main content
Subscribe
  • Fashion
  • Sneakers
  • Bags
  • Accessories
  • Music
  • Rihanna
  • Follow
    • INSTAGRAM
    • FACEBOOK
    • PINTEREST
    • TWITTER
    • YOUTUBE
  • Store
Streetwear October 9, 2017
By Lois Sakany
SHARE THIS ARTICLE
Share Tweet Pin Linkedln Email Reddit
Streetwear

Supreme Sells 50 Percent Stake To Carlyle, Company Valuated At One Billion

October 9, 2017. 4 Comments

The news Supreme had taken outside investment from mega-investment firm The Carlyle group emerged on Friday (October 6, 2017) and now WWD has followed up with news that the transaction took place in July with Supreme selling a 50 percent stake in its share for $500 million.

While it hasn’t been covered by WWD, we know from our own sources that Supreme had outside investment from Goode Partners. Probably that transaction stayed beneath the radar because it was a relatively small investment.

The transaction gave Supreme an enterprise value of $1.1 billion, including $1 billion in equity and $100 million in debt. That translates into just under 10-times the projected earnings before interest, taxes, depreciation and amortization of about $100 million, according to WWD.

The deal was kept quiet because owner James Jebbia was concerned that selling such a big share of the company would hurt the brand’s street cred. A scan of comments on social media confirm Jebbia’s concern with many Supreme fans opining that the brand’s best days are behind it.

Aaron Levant, the founder of Agenda trade show, doesn’t think the nay-saying matters as long as the brand delivers. “What it means for the brand is one or two posts on a streetwear blog and a long thread of kids making negative comments for two seconds and then they are going to forget about it in a month. As long as the brand continues to create great moments, which they will be able to do with more capital, and follow the same business model and distribution strategy, they will be fine.”

As to what will become of Supreme, part of the investment probably will be used to open new doors. Commenting on the deal, Keith Tran, the co-owner of California and Texas streetwear store Black Market, stated, “China is a huge player that they aren’t currently in. One of the biggest things I noticed is in Japan, they have six or seven stores, it does well, sells out every day, but if you go to Hong Kong, maybe a bigger market than Tokyo you have zero stores there, zero stores in Korea, Mainland China. They are huge marketplaces for the Supreme customer. If I would guess [the Carlyle investment is] going to help them expand quicker into the Asian markets.”

Streetwear Carlyle Group James Jebbia Supreme Supreme

Congrats to Rihanna and Rocky on the birth of thei Congrats to Rihanna and Rocky on the birth of their baby boy! Born on May 13th in Los Angeles! 🎉🎉🎉
True to form, actress Chloë Sevigny had a very co True to form, actress Chloë Sevigny had a very cool wedding on Sunday in her home state of Connecticut. 

Sevigny actually married Siniša Mačković, a director at Karma art gallery, in a City Hall wedding in March 2020 but the couple weren't able to host a ceremony and party 'cause of you know what. Sevigny and Mačković have a son, who is two-years old. 

As styled by Haley Wollens, the ever-tasteful Sevigny wore a sheer gown from Glenn Martens’s spring 2022 couture collection for Jean Paul Gaultier. 

Guests included Sevigny's bestie Natasha Lyonne plus Kim Gordon, Coco Gordon Moore, Jim Jarmusch, Derek Blasberg, Humberto Leon, Carol Lim, Olivier Zahm, and Arden Wohl.
What’s Anna got against veggies?? Sheesh! What’s Anna got against veggies?? Sheesh!
Louis Vuitton has announced plans for a Brooklyn e Louis Vuitton has announced plans for a Brooklyn exhibition ft all 47 Nike Air Force 1 sneakers designed by Virgil Abloh for the label’s spring ‘22 collection. 

The event will take place May 21-31 at Greenpoint Terminal Warehouse in Brooklyn. The opening night party on May 20th will include a performance by 21 Savage and a DJ set by Jamie xx.
From platforms to flatforms, courtesy of Shein! 🫠🫠🫠

🎥 TikTok: eacarrasco
A first look at the highly anticipated Nike x Jacq A first look at the highly anticipated Nike x Jacquemus women's collection.

Inspired by designer Simon Porte Jacquemus own collection of vintage #NikeACG sneakers, the 15-piece collection will include apparel, accessories and sneakers.

Look for the capsule to drop on June 28th on jacquemus.com.

📸Pablo Di Prima

#nikexjacquemus #jacquemus
INSTAGRAMFACEBOOKPINTERESTTWITTERYOUTUBE
  • Home
  • About
  • Contact
  • Shop

Copyright © Snobette - Privacy Policy

Asset 1
Asset 1
Asset 1
  • About
  • Contact
  • Privacy Policy
  • Fashion
  • Sneakers
  • Bags
  • Accessories
  • Music
  • Rihanna