LEVI — Sale of Dockers® to Authentic Brands Group
Jul 31, 2025, 7:00:00 AM UTC
Summary
Levi Strauss & Co. has entered into a definitive agreement to sell its Dockers® brand to Authentic Brands Group for an initial value of $311 million, potentially increasing to $391 million with future performance-based earnouts. The transaction is expected to close on or around July 31, 2025, for U.S. and Canada operations, with remaining operations closing by January 31, 2026. This sale aligns with LS&Co.'s strategy to focus on direct-to-consumer initiatives and enhance its international presence.
Company
LEVI STRAUSS & CO (LEVI)NYSE — Consumer Cyclical: Manufacturing, Apparel Manufacturing: Apparel & Other Finishd Prods Of Fabrics & Similar Matl
www.levistrauss.comSimilar Events
Sale of Dockers® to Authentic Brands Group
Levi Strauss & Co. has entered into a definitive agreement to sell its Dockers® brand to Authentic Brands Group for an initial value of $311 million, potentially increasing to $391 million with performance-based earnouts. The sale is expected to close on or around January 31, 2026, following the completion of customary closing conditions. This transaction aligns with LS&Co.'s strategy to focus on direct-to-consumer initiatives and expand its international presence, while also allowing for share repurchases from the proceeds.
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