BRIEF-Levi Strauss Enters Deal To Sell Dockers To Authentic Brands Group, For $311 Million-March 2024-www.financetom.com

BRIEF-Levi Strauss Enters Deal To Sell Dockers To Authentic Brands Group, For $311 Million

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BRIEF-Levi Strauss Enters Deal To Sell Dockers To Authentic Brands Group, For $311 Million

May 26, 2025 10:50 AM

May 20 (Reuters) - Levi Strauss & Co ( LEVI ):

* LEVI STRAUSS: ENTERS DEAL TO SELL DOCKERS TO AUTHENTIC

BRANDS

GROUP, FOR $311 MILLION

* LEVI STRAUSS: DEAL VALUE HAS POTENTIAL TO REACH UP TO $391

MILLION VIA $80 MILLION EARNOUT OPPORTUNITY

* LEVI STRAUSS: INTENDS TO RETURN ABOUT $100 MILLION OF NET

CASH

PROCEEDS FROM DEAL TO SHAREHOLDERS VIA SHARE REPURCHASES

* LEVI STRAUSS: DEAL EXPECTED TO CLOSE AROUND JULY 31 FOR

DOCKERS

IP & OPERATIONS IN US, CANADA & AROUND JAN 31, 2026, FOR

REMAINING DOCKERS OPERATIONS

Further company coverage:

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