NYSE:LEVILuxury
Levi Strauss Refocuses On Core Brands As Dockers Sale Funds Payouts
Levi Strauss (NYSE:LEVI) has completed the sale of its Dockers brand to Authentic Brands Group.
The company plans to return proceeds from the sale to shareholders.
Management is concentrating resources on the Levi’s and Beyond Yoga brands, as well as on direct to consumer channels.
Levi Strauss, trading at $18.9, has seen its share price move in different directions across timeframes, with a 3.5% gain over the past week alongside a 40.0% return over the past year and a 36.3% return over...