Levi’s plans stock market comeback
By Sarah Wood | 14th February 2019
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.
Related Articles
Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.