VF Corporation (VF), the American apparel giant and parent company of outdoor and streetwear brands such as The North Face, Vans, Timberland, and Supreme, recently released its complete annual report for the 2023 fiscal year ending in March 2023. In this report, VF disclosed the financial data of Supreme, a renowned New York streetwear brand acquired in 2020, and provided detailed explanations of its asset impairment.
For the fiscal years 2022 and 2023, Supreme reported revenues of $561.5 million and $523.1 million, with net profits of $82.4 million and $64.8 million, respectively. Th …
