Friday , November 27 2020

Levi Strauss intends to enter the stock market – News.cz



The company would like to receive $ 600-800 million of the primary offer. The primary application could take place in the first quarter of next year.

The company has been traded in the past. He joined the stock market in 1971 and earned $ 50 million in sales, making it one of the largest major offers at the time. However, the family had a large share in the company.

However, the company's profits began to decline and, along with that, the share price. Therefore, the descendants of Levi Strauss decided to make the company yet privately in 1984.

At present, the company is family owned. Subsidiary shares in Japan Levi Strauss K.K. is also traded on Tokyo Stock Exchange and commercial trading with bonds & company. Therefore, it regularly publishes the results of its operations.

The company was established by an in-migrator of Germany in California

In recent years, the company's profits have fallen. In the third quarter, however, 45 per cent rose to $ 130 million and revenues from ten percent to $ 1.4 billion. Last year, the company's revenue was nearly five million USD.

The company owns Levi's, Dockers and Denizen. It operates about 2,900 shops, but its goods are sold in more than 50,000 shops in 110 countries.

The roots of the companies date back to 1853, when Levi Strauss opened a archivist invasion of a wholesale websites store in California at the time of the golden fever. Two decades later, he joined one of the regular customers and patent devices – work trousers whose pockets were reinforced with metal spans. This day is considered a jean birthday.


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