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Levi Strauss to sell Dockers to Authentic Brands for $311 million to focus on core labels
Last October, Levi Strauss announced its intention to sell the underperforming Dockers brand to concentrate on its core brands and boost sales through its direct-to-consumer stores at full price. "The Dockers transaction further aligns our portfolio with our strategic priorities, focusing on our direct-to-consumer (DTC) first approach, growing our international presence and investing in opportunities across women's and denim lifestyle," Levi CEO Michelle Gass said in a statement.
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finance.yahoo.com
Levi Strauss to sell Dockers to Authentic Brands for $311 million to focus on core labels
Last October, Levi Strauss announced its intention to sell the underperforming Dockers brand to concentrate on its core brands and boost sales through its direct-to-consumer…
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Renault still open to supply technology to rivals to make cars cheaper, CEO says
MILAN (Reuters) -French automaker Renault is willing to supply technology to other carmakers to help increase the total output of vehicles with shared features that make them…
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upi.com
Levi Strauss to sell Dockers to Authentic Brands in $300M deal - UPI.com
Clothing company Levi Strauss announced Tuesday it will sell its Dockers line to Authentic Brands Group in a more than $300 million acquisition.