Thursday , May 13 2021

Levi Strois jeans producer is once again a public enterprise

Lee Strauss, the jeans producers, plans to become a public company again

Photo: Reuters

The 145-year-old jeweler maker, Levi Strauss and Co., will also launch IPO.

The company plans to raise between 600 million and 800 million dollars. This is likely to be public in the first quarter of next year.

According to the report, the LeBie plan is likely to come out of the stock exchanges of $ 5 billion.

The company is not ready to comment on the news at this time.

After retirement for five decades, it will bring Levi back to public place.

For the first time in 1971, the company moved to the public. But it was returned to the descendants of founder Levy Strauss.

In November, Lei's sales grew by 10 per cent to $ 1.39 billion. Jeans's demand for retail and online stores rose by 44 per cent to Rs. Place.

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