VF Corp. reports that it has completed its previously announced takeover of Supreme®, the iconic American streetwear brand, for an aggregate base purchase price of $2.1 billion. The final price will be subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. VF expects the brand to be modestly accretive to the group’s revenue and adjusted earnings per share in fiscal 2021, and to contribute at least $500 million in revenues and $0.20 in adjusted earnings per share in fiscal 2022. As previously reported, VF expects that the brand’s turnover will double in due time. With the acquisition of Supreme, VF says it intends to accelerate its ”consumer-minded, retail-centric, hyper-digital business model transformation.” The streetwear brand has already been a regular collaborator with VF’s Vans, The North Face and Timberland brands in the past.