Saturday , May 28 2022

Big jeans on the way to stock exchange – for the second time


It is reported that the 145-year-old Jeans company, Levi Strauss, is on the way to the stock exchange for the second time.

The jeans company, Levi Strauss, is preparing a list that can value the business up to five billion dollars, identifying sources for CNBC.

Levi Strauss is expected to list the shares during the first quarter of 2019, hoping to travel between 5.5 and 7.5 billion kronor. Responsible for the process is Goldman Sachs and JP Morgan.

Levi Strauss has been 145 years old and has entered the stock exchange for the first time in 1971. However, the company was bought by Strauss's descendants for $ 1.7 billion in 1984 and these have verified & # 39; the brand since then.

Levi Strauss sold almost five billion dollars last year. The company has continued to grow strongly this year and in the last quarter, the revenue rose by 10 per cent to 1.4 billion dollars while net profits have improved from 45 per cent to 130 million dollars.

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