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Levi Strauss plans IPO in 2019

Levi Strauss is planning an initial public offering. The company is likely to go public in the first quarter of 2019 and is aiming to debut with a valuation of about five billion dollars. This could be the company's return to the public markets, nearly five decades after going private.

The company first went public in 1971, but descendants of Levi Strauss, the creator of the blue jeans, took the company private shortly after. For the latest quarter the company’s sales rose ten per cent and net income jumped 44 per cent, mainly due to demand for its jeans at both retail stores and online.

Levi Strauss has undertaken a series of leadership moves designed to streamline decision-making and consolidate accountability for core business growth drivers. The company has established a new strategy and analytics organization, elevating the importance of data and analytics and pairing it with strategy to shape the future. This addition reflects the company’s belief that it has an untapped competitive advantage in unleashing the power of data and analytics.

The expansion of its retail network along with the emergence of digital has increasingly given the company a direct relationship with consumers — one that did not exist when the company was exclusively a wholesaler.

 

 
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