Strauss Archives

Levi Strauss UK sales rise as it targets more women and cool, young consumers

September 10, 2024 mpsingh No Comments Business consumers, Cool, Levi, rise, sales, Strauss, targets, Women, Young

Published September 10, 2024 Levi Strauss has filed its UK-specific accounts with the year to the end of last November seeing higher sales and pre-tax profits. Turnover rose to £89 million from £77.7 million and pre-tax profit jumped to £7.7 million from £4.3 million. Levi’s But the accounts filed at Companies House showed it wasn’t [...]read moreLevi Strauss UK sales rise as it targets more women and cool, young consumers

Levi Strauss ends lawsuit against Italy’s Brunello Cucinelli over trademarked tab

May 8, 2024 mpsingh No Comments Beauty Brunello, Cucinelli, ends, Italys, lawsuit, Levi, Strauss, tab, trademarked

By Reuters API Published May 7, 2024 Levi Strauss has ended its lawsuit accusing the Italian luxury fashion brand Brunello Cucinelli of infringing its familiar, trademarked rectangular pocket tab. Reuters Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again. Settlement [...]read moreLevi Strauss ends lawsuit against Italy’s Brunello Cucinelli over trademarked tab

Levi Strauss tightens budget, stops footwear line, closes factory in Plock, Poland

April 8, 2024 mpsingh No Comments Beauty budget, closes, factory, footwear, Levi, line, Plock, Poland, Stops, Strauss, tightens

Translated by Nicola Mira Published Apr 8, 2024 Levi Strauss, owner of Levi’s, Dockers and Beyond Yoga, has reported a 7.8% revenue drop for Q1 2024, down to $1.56 billion (€1.44 billion), with losses of nearly $10 million. On Thursday however, a few hours after Michelle Gass, the group’s CEO since January, announced these results, [...]read moreLevi Strauss tightens budget, stops footwear line, closes factory in Plock, Poland

Levi Strauss to cut 15% of corporate jobs; guidance misses estimates

January 26, 2024 mpsingh No Comments Business Corporate, cut, estimates, guidance, jobs, Levi, misses, Strauss

By Bloomberg Published Jan 26, 2024 Levi Strauss & Co. slumped after announcing it will cut as much as 15% of its corporate workforce to boost efficiency. The company also gave an outlook for 2024 sales and profit that fell short of Wall Street’s expectations. Levi’s Levi, which is prioritizing direct-to-consumer sales over wholesalers, said [...]read moreLevi Strauss to cut 15% of corporate jobs; guidance misses estimates

Levi Strauss sues Italy’s Brunello Cucinelli over trademarked tab

January 24, 2024 mpsingh No Comments Beauty Brunello, Cucinelli, Italys, Levi, Strauss, sues, tab, trademarked

By Reuters API Published Jan 24, 2024 Levi Strauss has sued Brunello Cucinelli, accusing the Italian luxury fashion brand of infringing its trademarked rectangular pocket tab. In a complaint filed on Tuesday night in San Francisco federal court, Levi provided 14 photos of Brunello Cucinelli clothing containing “nearly identical” copies of its tab, which the [...]read moreLevi Strauss sues Italy’s Brunello Cucinelli over trademarked tab

Safilo and Levi Strauss extend licensing deal until end-2029

January 19, 2024 mpsingh No Comments Business deal, end2029, extend, Levi, licensing, Safilo, Strauss

By Reuters API Published Jan 19, 2024 Italian glasses maker Safilo and U.S. denim clothing maker Levi Strauss & Co have extended a licensing deal for Levi’s-branded eyewear until the end of 2029, the two companies said on Thursday. Levi’s Levi’s glasses “will continue to be distributed globally, leveraging (their) strong brand awareness and widespread [...]read moreSafilo and Levi Strauss extend licensing deal until end-2029