Supreme is a renowned American lifestyle and Skateboarding brand founded by James Jebbia in New York City and has a net worth of $1 billion. The company is famous among the youth as it targets Hip Hop cultures and skateboarding.
Keep on reading to learn more about the world-famous brand Supreme. Besides, find out how Supreme’s directors led it to make it a billion dollars company.
Also, know some fascinating information, such as the founding history of the company, stores, and many more.
How much money does Supreme make?
Supreme is one of the enormous revenue generating companies in the world. A report of VF indicates that Supreme is currently earning more than 500 million dollars per year. Again, in 2017, the company made up to 200 million dollars. Thus Supreme’s revenue is increasing.
Besides, the company is hoping to grow up to 10 percent in the next couple of years. Supreme’s annual net Income is presented below in the periodic format:
- Yearly Net Income: $500 million
- Monthly Net Income: $41.67 million
- Weekly Net Income: $9.61 million
- Daily Net Income: $1.37 million
- Hourly Net Income: $57.07 thousand
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How does Supreme make money?
Supreme is a world famous streetwear company. The company earns money by selling its products. Moreover, Supreme has collaborated with many companies for business purposes. The business activities of the Supreme brand are given below:
- Selling Merchandise from Offline and Online Stores
- Collaborations with Other Companies
Selling Merchandise from Offline and Online Stores
Supreme sells merchandise from his official shop, as well as from an online store named streetwearofficial.com. In addition, this particular company’s products are luxurious and costly.
The international brand, Supreme, has a total of 13 stores all around the world. From these shops, Supreme sells their product officially. Moreover, some third-party stores where people can find Supreme’s products, but not authorized.
On the other hand, Supreme also sells products from online store. The website can be found on Google. The interesting fact is that the company earns 60 percent of its total Income from online stores because of a lack of offline store availability.
Collaborations with Other Companies
Supreme has joined with celebrities, famous artists, and companies from time to time. Collaborations with other companies brought huge profits.
In 2017, Supreme got enormous profits among its timeline by collaborating with Louis Vuitton. They both displayed their collections at the time of Paris Fashion Week.
Supreme at a glance
|Legal Trade Name||Supreme|
|Starting Point||United States of America|
|Place of the First Store||New York City|
|Date of Founding||April 1994|
|Initial Products||Skateboards and Riders’ Clothing|
|Type of Company||For-Profit|
|Number of Employees||425|
|Number of Stores||13|
|Headquarter||New York, New York, United States|
|Net Worth||$1 billion|
History of Supreme
In April 1994, James Jebbia opened a store in Lafayette Street, Lower Manhattan, New York, United States. He named it Supreme because the name sounded cool to James Jebbia. In addition, he had no intention of making it a brand. But his store became extremely popular and eventually became a brand.
Supreme was initially founded as a skateboarding and riders’ clothing brand. In 2004, the brand opened its second store in North Fairfax Ave, Los Angeles. Additionally, the store was almost double the size of the first store in New York. Moreover, the store introduced people to an indoor skate bowl.
Later, the company, Supreme, crossed the international boundary and opened 8 stores in different countries. The cities outside of the United States where the Supreme established are given below:
- Pairs (2016), London (2011), Nagoya, Osaka, Fukuoka; each town has one store
- 3 stores in Tokyo (in Harajuku, Shibuya, and Daikanyama)
Finally, in 2018 and 2019, Supreme opened 2 stores in the United States. The 11th store is located in New York’s Williamsburg neighborhood of Brooklyn. On the other hand, the 12th store of the international brand is situated in San Francisco.
After selling off the company Supreme, on 6 May 2021, it opened its 13th store in Millan.
Selling off Supreme
VF Corporation declared that they would buy the brand Supreme, for 2.1 billion dollars, in November 2020. Besides purchasing the company, VF Corp. also brought out the founder of Supreme, James Jebbia. Moreover, they bought out the company’s investors, Supreme, named Goode Partners LLC and Carlyle Group as well.
Supreme company products are so expensive because of their product variant shortage. On the other hand, buyer’s demand is so high. Besides, some people buy Supreme’s products and trade those with 200 to 400 percent higher prices than casual. These make Supreme products so costly.
One can determine between original and fake Supreme by checking its price tag. The price must be legit. Moreover, check the company logo ‘Supreme,’ if neat, clean, and straight. Besides, the logo must take all the space at the bottom of the tag. Furthermore, at the end of the logo’s ‘e,’ there must be a made-in title.
In an interview in 2009, the founder of the Supreme brand, James Jebbia, said that he had no intention of making Supreme a brand. At the time of opening its first store, James Jebbia thought the name was cool. So, he named the store Supreme. In other words, calling the brand was a total incident.