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Authentic taps IAC to drive international growth for Dockers

International Apparel Corporation (IAC) has been appointed to drive the growth of Dockers by the US brand’s parent company Authentic Brands Group. The long-term strategic partnership will focus on Central America, Ecuador, the Andean region and select Caribbean markets, where IAC will oversee manufacturing and distribution across key categories....

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Authentic taps Orbico Group for Dockers European expansion

Dockers is set to embark on a European expansion under the eye of Orbico Group. The brand distribution firm has been tapped by Dockers’ parent company, Authentic Brands Group, to oversee a strategy designed to position the US brand for long-term growth. Through the agreement, Orbico will oversee the distribution, manufacturing and design across...

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Authentic enters 311 million dollar deal to acquire Dockers from Levi Strauss

Authentic Brands Group has entered into a definitive agreement to acquire Dockers from Levi Strauss & Co. for a transaction value of 311 million dollars. The deal reflects LS&Co.’s strategic efforts to zone in on its direct-to-consumer business. The transaction, which is subject to customary adjustments and closing conditions, has the potential...

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Levi's Q4 revenues increase 12 percent, but FY25 forecast concerns investors

Though Levi Strauss fourth quarter net revenues of 1.8 billion dollars, rose 12 percent, the company’s outlook for the upcoming fiscal year has raised investor concerns, leading to about a 7 percent drop in the company’s share value in extended trading. The company projects a 1 percent to 2 percent decline in revenue and adjusted diluted EPS...

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Levi Strauss announces strategic review of Dockers to drive growth

For the third quarter, Levi Strauss net revenues of 1.5 billion dollars were flat on a reported basis, and 2 percent higher on a constant-currency basis. Levi Strauss announced that it has initiated a formal review of strategic alternatives for the Dockers brand, which could include a potential sale or other strategic transaction. The company’s...

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World Water Day: initiatives by the textile and apparel industry

Water is essential for life - for humans, animals and plants. However, one in four people in the world have no access to clean drinking water; many areas are drought-prone while others are wasting water. World Water Day on 22 March draws attention to these problems, but is also an opportunity for companies and organisations to highlight their...

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Court rules: Dockers violates Skechers patent, shoes not for sale in the EU

Skechers USA Inc. has received an injunction from the European Union after successfully suing shoe brand Dockers by Gerli, the company announced in a press release. Dockers allegedly sold a shoe that copied the design of Skechers' model 'Hands Free Slip-Ins'. Skechers brought an action against Dockers before the Düsseldorf Regional Court. On 5...

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Levi Strauss Q2 revenues drop, lowers outlook

Second quarter net revenues at Levi Strauss & Co. of 1.3 billion dollars decreased 9 percent on a reported and constant-currency basis. The company said in a release that the planned shift in wholesale shipments from Q2 to Q1 negatively impacted the quarter performance by approximately 100 million dollars or 7 percent of net revenues. Net loss...

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Levi Strauss posts Q1 sales growth of 6 percent

First quarter net revenues of 1.7 billion dollars at Levi Strauss & Co. increased 6 percent on a reported basis and 9 percent on a constant-currency basis excluding 40 million dollars in unfavourable currency impacts. The company has reaffirmed its expectations for fiscal 2023 of net revenues between 6.3 billion dollars and 6.4 billion dollars,...

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Levi Strauss posts revenue growth, reaffirms outlook

Levi Strauss & Co. second quarter net revenues were 1.5 billion dollars, an increase of 15 percent on a reported basis, and 20 percent on a constant-currency basis excluding 47 million dollars in unfavourable currency impacts. Net income decreased to 50 million dollars due to the decrease in operating income, while adjusted net income rose to...

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Levi Strauss posts sales and earnings growth, raises outlook

Levi Strauss & Co. has reported net revenues of 1,498 million dollars, an increase of 41 percent on a reported basis, and 38 percent on a constant-currency basis, compared to the same period in the prior year. The company’s wholesale net revenues increased 45 percent reflecting strong demand in the U.S. and Europe, direct-to-consumer (DTC) net...

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'The Leaders in Khaki': Dockers goes back to its roots for new campaign

Amsterdam - The Dockers brand launched its first pair of khaki pants back in 1986 in San Francisco, looking to disrupt the strict formal business dress code held by corporate offices. The menswear brand, owned by Levi Strauss & Co, sought to offer men an alternative way of dressing by offering them something more comfortable than the suit they...