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Gloucestershire Business News

Levi’s plans stock market comeback

Jeans maker Levi Strauss & Co is set to return to Wall Street for the first time in over three decades.

The 146-year-old company, credited with the invention of jeans, has yet to confirm the number and price of shares, as reported by Sky.

A report last year estimated that the company, which has a store in Gloucester Quays, could be worth around £3.895bn ($5bn).

Levi's made its first pair of jeans in 1873. It was listed on the stock exchange between 1971 and 1985, when it was taken private in a buy-out.

Latest annual results for the company showed sales up 14 per cent to £4.363bn ($5.6bn).

Levi's has 3,000 stores in 110 countries.

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