In the wake of reporting a larger drop in net revenue than expected.
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After selling Supreme to EssilorLuxottica for $1.5 billion USD last month.
While EssilorLuxottica is known for being a global leader in the optical industry, Supreme will remain as a lifestyle apparel brand.
Profits are down across North Face, Vans, Dickies and more.
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VF is reportedly shopping the paradigmatic streetwear brand around.
The North Face and Vans owner reported a 16% decrease in revenue.
Supply of Vans, The North Face, Timberland, Dickies, and more could be affected.
Bracken Darrell is a Logitech and P&G veteran and is set to take the reins next month.
Expected to arrive this summer.
Due to a string of lowered revenues and earnings expectations.