​ Earlier this morning a wave of news hit the Twitter, forums, and a few streetwear blogs, that Louis Vuitton was in the process of purchasing Supreme for 500 million dollars. With Supreme's wild popularity and their extensive high priced collaboration with Louis Vuitton on the way, it seemed at least plausible.  Well, according to New York Times fashion reporter Vanessa Friedman, it's just another case of fake news.   Before everyone gets too excited about @LVMH buying Supreme -- this is not true. — Vanessa Friedman (@VVFriedman) February 9, 2017   Supreme lives to fight another day. 
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