Reported 4 days ago
Levi Strauss announced it is exploring the potential sale of its struggling Dockers brand after a significant revenue drop and declining sales. The company aims to refocus on its core Levi's brand and has engaged Bank of America as financial adviser for the review. Levi's shares fell 10% following the announcement, with expectations for fourth-quarter growth revised down due to ongoing challenges in the Dockers sector and reduced consumer spending.
Source: YAHOO