Luxottica Acquires Supreme: A Strategic Move

Luxottica's acquisition of Supreme for $1.5 billion, despite a 30% decrease from its earlier sale price, is seen as a strategic move to expand customer base. While some analysts question the synergy between an eyewear company and a streetwear brand, Luxottica aims to leverage Supreme's customer base and explore licensing opportunities. The acquisition hints at Luxottica's potential shift towards a conglomerate model, similar to fashion giants like LVMH, to diversify its offerings and distribution channels.