Levi Strauss plans share market comeback after more than 3 decades
Category: #retail  By Ojaswita Kutepatil  Date: 2019-02-18
  • share
  • Twitter
  • Facebook
  • LinkedIn

Levi Strauss plans share market comeback after more than 3 decades

In a recent turn of events, renowned Jeans manufacturer Levi Strauss & Co has reportedly filed documents for getting listed on the New York Stock Exchange, on the lookout for returning to public markets after over three decades.

Reportedly, Levi’s, which is one among the world’s largest denim brands and blue jeans’ inventor, encounters swift changes in customer interests as people buy athleisure apparel and cheaper store brands. If reports are to be believed, the 145-year-old jeans making company, wants to get listed as LEVI, and has ascertained a placeholder amount of $100 Mn (78 Mn pounds) to specify the size of the Initial Public Offering. However, the ultimate size of the IPO may differ, suggest reports.

The previous year, competitor VF Corporation stated that it would spin off its low profit making Lee and Wrangler jeans brands into a publicly traded firm, enabling it to concentrate on Vans and its outdoor clothing businesses to enhance profit margins, cite trusted sources.

As per a report, Levi Strauss & Co has been projected to be valued at approximately $5 Bn when it gets launched.

Levi’s is reportedly operated by the descendants of originator Levi Strauss. It needs to post quarterly earnings with United States regulators as its Japanese wing, Levi Strauss K.K, is traded publicly in Tokyo.

In its newest report, the San Francisco, California-based apparel company stated that sales spiked approximately 9 percent to $1.59 Bn. The recent filings also depicts that it has halved its debt weight over the past two years.

With IPO filing, the American jeans maker is set to join a list of premium brands looking to go public this year which includes ride-sharing firms like Lyft and Uber Technologies, photo-sharing application firm Pinterest and house-renting firm Airbnb, reported sources familiar with the development.



About Author

Ojaswita Kutepatil

Email: [email protected]   

Ojaswita Kutepatil

Ojaswita Kutepatil, a mechanical engineer by qualification, presently develops content for Market Size Forecasters, Algosonline, and other similar platforms. Having had a prior experience in Business Development and Technical Engineering, she now pens down articles pe...

Read More

More News By Ojaswita Kutepatil

Pepperfry to pump $12M in expansion & boost supply chain operations
Pepperfry to pump $12M in expansion & boost supply chain operations
By Ojaswita Kutepatil

The Mumbai-based online retailer also looks to step into areas like augmented/virtual reality to advance shopping experience.

Pepperfry, the online furniture & ...

Dream Incubator leads health-tech firm NIRAMAI’s Series A funding
Dream Incubator leads health-tech firm NIRAMAI’s Series A funding
By Ojaswita Kutepatil

NIRAMAI Health Analytix Pvt. Ltd., the Bengaluru-based breast cancer screening start-up, has reportedly raised around $6 million in Series A investment round that was led by Dream Incubator, a management consulting fir...

NHS aims to roll out app therapy for children with mild depression
NHS aims to roll out app therapy for children with mild depression
By Ojaswita Kutepatil

The National Health Service reportedly aims to help children with mild depression through apps on their smartphones, post the recommendation of such devices by their treatment advisers. This service will be able to hel...