Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Levi Strauss prepares to float

US denim giant Levi Strauss is said to be considering raising up to $800m (£623m) through a public listing.

US news network CNBC reported that the maker of the first pair of jeans is looking to raise between $600m  and $800m (£467m-£623m) with a flotation scheduled for the first quarter of 2019.

The 145-year-old business is targeting an initial valuation of $5bn (£3.9bn) and is thought to be preparing the flotation with investment banks Goldman Sachs and JP Morgan.

At present, the business is privately owned by decedents of the original Levi Strauss family, although the company’s Japanese affiliate Levi Strauss KK is publicly traded in Tokyo.

In October, Levi Strauss reported revenues of $1.4bn (£1.09bn) for the three months to 26 August, up 10% year on year. Profits also rose by 45% to $130m (£101.3m) for the period.

Tags

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.