Supreme Sale

Can a cult brand survive going corporate? Supreme, a streetwear company, is so popular that fans wait hours in line to buy its gear, like T-shirts stamped with Kate Moss’s face or branded bricks (for show, not construction – see in Comments below). The company deliberately restricts the supply of its products, creating hot resale markets. At one point, those bricks were selling for $1,000 on eBay.

This week, VF Corporation — which owns brands including North Face and Vans — announced that it was buying Supreme for $2.1 billion. The deal is another marker of the brand’s success and the lucrativeness of the streetwear market in general. But it has also left fans and industry analysts wondering: How will Supreme stay cool when it’s part of a giant corporation?

#retail#brands#trends#imagine

Posted on December 14, 2020 in Creativity, Innovation, Leadership, Marketing, Retail

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About the Author

Michael Chase - a true hybrid – part futurist, part technologist, part data monkey, part creative director, part CEO (because you have to still think of the P&L and the EBITDA) and through and through an innovator.

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