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Sunday, March 17, 2019

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Jeans maker plans to return public ownership after three decades as a private company

The 166-year-old jeans maker Levi Strauss is to seek a valuation of nearly $6.2bn (£4.7bn) in a stock market float that will restore it to public ownership after three decades as a private company.

The company, credited with the invention of blue jeans, said it expected to raise $587m in a Wall Street listing aimed at transforming the business into a global fashion and broader lifestyle brand.

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from US news | The Guardian https://ift.tt/2SXeuAb

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