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In the latest trading session, Levi Strauss (LEVI) closed at $17.74, marking a -1.66% move from the previous day.
SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (NYSE: LEVI) today announced that Harmit Singh, chief financial and growth officer, will participate in a fireside chat at the Deutsche Bank Global Consumer Conference in Paris on Thursday, June 5, 2025, at 12:30 p.m. CEST (6:30 a.m. ET). To access the live webcast, please visit https://kvgo.com/deutsche-bank/levi-strauss-co-june-2025 A replay of the webcast will be available on http://investors.levistrauss.com Please contact your dbAccess.
In the latest trading session, Levi Strauss (LEVI) closed at $17.74, marking a -1.06% move from the previous day.
Jamie Salter, Authentic Brands CEO, joins CNBC's 'Squawk on the Street; to discuss the company's acquisition of Dockers, expectations for future deal making, whether the company plans to go public, and more.
Levi Strauss & Co.'s sale of Dockers for up to $391 million is a strategic move that maximizes shareholder value and streamlines operations. The Dockers brand contributed little to profitability, so the sale should marginally increase Levi's profits, cash flow, and reduce net debt. Valuation multiples for the Dockers sale suggest Levi Strauss & Co shares remain attractively priced versus peers, even after recent gains.
Levi Strauss & Co (NYSE:LEVI)'s announcement of the sale of its Dockers brand to Authentic Brands Group for $311 million has UBS analysts more bullish on the clothing company, most famous for its jeans. Notably, the deal could be worth up to $391 million for Levi based on an additional $80 million cash earnout contingent on Dockers' performance under Authentic Brands.
LEVI sharpens its focus on core growth by selling Dockers and doubling down on its denim lifestyle and DTC strategy.
The Dockers brand, long synonymous with Levi Strauss is getting a new owner as Authentic Brands has agreed to purchase the casual clothing line for a deal with over $300M
Levi Strauss & Co. (LEVI) said on Tuesday that it has agreed to sell the Dockers brand to Authentic Brands Group, a firm that specializes in acquiring and licensing brands around the world.