LEVI STRAUSS news and archive

Levi Strauss is planning to go public

Levi Strauss & Co. with a valuation of 5 billion dollars, is contemplating floating an IPO in the first quarter of 2019, with an aim of raising 600 to 800 million dollars, reports CNBC quoting people familiar with the development. The report added that the 145-year-old company, inventor of first pair of blue jeans, has roped in Goldman Sachs and...

BusinessFeatured

Levi’s sets ambitious new climate action strategy

Denim apparel giant Levi’s has announced a set of ambitious targets to reduce carbon emissions across its owned-and-operated facilities and global supply chain by 2025 in a new climate action strategy. What it is calling “aggressive targets” in a press statement, the climate action strategy is aimed at slashing the environmental impact of the...

Report

Levi Strauss Europe extends partnership with Haddad Brands for kidswear

Levi Strauss & Co. has announced that starting with our fall/winter 2019 season, it would be partnering with Haddad Brands as the company’s licensee of kids products in Europe. The company added that Haddad is a leader in branded children’s clothing and accessories and has partnered with the Levi’s brand in the US for nearly 15 years, recently...

Management

Levi Strauss reports Q2 net revenue growth of 17 percent

For the second quarter ended May 27, 2018, Levi Strauss & Co. reported net revenues growth of 17 percent on a reported basis and 13 percent excluding 35 million dollars in favourable currency translation effects, driven by broad-based Levi's brand growth in all regions and channels. On a reported basis, direct-to-consumer revenues grew 19...

ManagementFeatured

Levi Strauss posts net revenue growth of 22 percent in Q1

Levi Strauss & Co. reported first quarter net revenues grew 22 percent on a reported basis and 16 percent excluding 55 million dollars in favorable currency translation effects, driven by broad-based Levi's brand growth in all regions and channels. The company also raised full-year 2018 revenue growth guidance to 6 to 8 percent range in constant...

Fashion Featured

Levi's store gets flash mobbed by climate pollution activists

This past weekend, Levi's flagship store in San Francisco was flashed mobbed by climate activists with the "Too Dirty to Wear" campaign. Their jeans were removed in a show of protest to further encourage Levi's stance on activism and climate pollution impacts, according to a press release by the company. The environmental group Stand.earth...

ManagementFeatured

Levi Strauss revenues increase 7 percent in Q3

Net revenues at Levi Strauss grew 7 percent on a reported basis or 6 percent excluding 11 million dollars in favourable currency translation effects. Direct-to-consumer revenues grew 16 percent driven by performance and expansion of the retail network, as well as ecommerce growth, while wholesale revenues grew 4 percent reflecting growth in...

Fashion

Google weaves touch controls into Levi Strauss jacket

Levi Strauss this week begins selling a denim jacket with touch controls woven into the fabric in the first fashion offering stitched from a collaboration with Google. The iconic California clothing maker, which has a legacy reaching back to Gold Rush in the mid-1800s, will mine the mobile internet boom with a "Trucker Jacket with Jacquard." The...

Retail

Levi's aims for own stores and e-commerce platform in India

US denim brand Levi's is planning on opening own stores and an e-commerce platform in India "soon" according to the company's president and CEO Chip Bergh. "One of the company's growth algorithms is to try and reach deeper into countries like India," said Bergh according to Times of India. "Our business could be twice the size of what it is now...

BusinessFeatured

Bringing shipping into shopping - Esprit, Levi Strauss called to aid dock workers

After garment workers as the immediate people who make our clothes, it is time to extend our thoughts to the whole supply chain and all those who work on making sure the desired garments reach the shops. Dock workers, for example. They work tirelessly to ensure that clothes get from Point A to Point B, yet few waste any thoughts about them. A...

Management

Levi Strauss posts 4 percent revenue growth in Q1

Net revenues at Levi Strauss grew 4 percent on a reported basis and 5 percent excluding 10 million dollars in unfavorable currency translation effects. On a reported basis, the company said, direct-to-consumer revenues grew 10 percent on performance and expansion of the retail network, as well as ecommerce growth. "Despite the on-going...

Fashion

Levi's CEO: Please do not bring firearms into our stores

London - Levi's has shared its position on gun rights and gun control as CEO and president Chip Bergh asks customers not to bring any firearms into its store. Entering the debate on gun safety in the US, Bergh posted an open letter to customers on LinkedIn on Wednesday asking that they refrain from bringing guns into Levi's stores, offices or...