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Supreme sells stake to boost expansion

The founder of streetwear label Supreme has sold a stake in the business to private equity firm The Carylye Group.

The terms of the transaction were not disclosed but The Carylye Group is thought to have taken a minority stake, The Business of Fashion reports.

The investment will help drive expansion plans, including entering new international markets.

Launched in 1994 as skate shop by James Jebbia, Supreme has built a cult following through its limited product drops and collaborations, which have included Louis Vuitton, Levi’s and Comme des Garçons.

 

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