Reported about 10 hours ago
Levi Strauss has announced the sale of its Dockers brand to Authentic Brands Group for $311 million. The decision is aimed at refocusing on its primary labels, including Levi's and Beyond Yoga. The sale aligns with the company's strategy to enhance direct-to-consumer sales and international growth. The transaction is expected to be completed by January 2026, with a portion of the proceeds allocated for share repurchases.
Source: YAHOO