Supreme Just Got Valuated to $1 Billion by The Carlyle Group

Supreme Just Got Valuated to $1 Billion by The Carlyle Group

  Just one day after Supreme opened its latest flagship store in Brooklyn, industry publication?WWD?is speculating that the brand may soon be?closing an investment deal with private equity firm The Carlyle Group. While details are scarce, and both?companies?declined to comment, it?s certainly not surprising that Supreme is?drawing attention from heavyweight capital firms. James Jebbia: ?We?re a growing brand, and to sustain that growth we?ve chosen to work with Carlyle? ?Working with Carlyle allows us to concentrate on doing what we do best and remain in control of our brand, as we always have.?   The deal marks the first time a top-tier private equity firm has invested in streetwear and underscores the power of the Supreme brand ? often dubbed ?the Chanel of streetwear? ? and its innovative business model, rooted in cool but accessibly-priced product and tightly controlled releases, which ?drop? on a weekly schedule that?s far faster than the traditional fashion cycle and designed to drive consumer engagement with a stream of constant newness. store?blog?Instagram?Facebook