Supreme has been busy this month, opening their new Brooklyn Store and launching their Stone Island collaboration. With all of the activity going on in public, behind the scenes Supreme have also negotiated the sale of a stake to private equity firm The Carlyle Group.
Speaking on the decision owner James Jebbia had this to say:
“We’re a growing brand, and to sustain that growth we’ve chosen to work with Carlyle, who has the operational expertise needed to keep us on the steady path we’ve been on since 1994,” said Jebbia. “Working with Carlyle allows us to concentrate on doing what we do best and remain in control of our brand, as we always have.”
Although Jebbia did not disclose any specifics around the newfound partnership, BoF figures Carlyle purchased a minority stake in the business.