The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SAN FRANCISCO, United States — Jeans maker Levi Strauss & Co. said on Monday it expects to raise as much as $587 million through its initial public offering, which marks its return to public markets after more than three decades.
The company expects to offer 36.7 million shares priced between $14 and $16, giving it a market value of about $6.17 billion, at the higher end of the range.
Levi's, one of the world's biggest denim brands and the inventor of blue jeans, faces rapid changes in consumer tastes as people shop for cheaper brands and athleisure apparel.
With its IPO filing, the company joins a list of high-profile companies seeking to go public this year, including ride-hailing companies Uber and Lyft, photo-posting app Pinterest and home-renting company Airbnb.
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The 145-year-old Levi Strauss intends to list as "LEVI" on the New York Stock Exchange, it said in a filing.
Goldman Sachs, JPMorgan, Bank of America Merrill Lynch and Morgan Stanley are part of a 12-member underwriting team handling the IPO.
By Diptendu Lahiri; editor: Shinjini Ganguli.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.