Stifel on Levi Strauss & Co. (LEVI): 'Favorable Price Achieved in Agreement to Sell Dockers for $311'
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Levi Strauss to sell Dockers to Authentic Brands for $311 million to focus on core labels
May 20, 2025 8:36 AM EDT(Reuters) -Levi Strauss on Tuesday said it will sell its Dockers apparel brand to Reebok and Van Heusen owner Authentic Brands Group for $311 million to focus on its flagship Levi's brand and the Beyond Yoga activewear line.
Last October, Levi Strauss announced its intention to sell the underperforming... More
Levi (LEVI) to Sell Dockers to Authentic Brands Group
May 20, 2025 8:30 AM EDTLevi Strauss & Co. (LS&Co.) (NYSE: LEVI) and Authentic Brands Group (Authentic) today announced that they have entered into a definitive agreement for LS&Co. to sell Dockers® to Authentic for an initial transaction value of $311 million, subject to customary adjustments and closing conditions, with the potential to reach up to $391 million through an $80 million earnout opportunity in future years based on the performance of the Dockers® business under Authentics ownership.
The Dockers® transaction further aligns our portfolio with our strategic priorities, focusing on our direct-to-consumer (DTC) first approach, growing our international presence... More
