M&A - LEVI STRAUSS & CO

Form Type: 8-K

Filing Date: 2025-05-20

Corporate Action: Acquisition

Type: New

Accession Number: 000199937125006407

Filing Summary: On May 20, 2025, Levi Strauss & Co. announced the execution of an asset purchase agreement with Authentic Brands Group to sell the Dockers® business for an initial transaction value of $311 million, which may increase to $391 million through an earnout opportunity dependent on future performance. The transaction is subject to customary adjustments and closing conditions. The announcement was made public via a press release issued the same day, emphasizing the strategic decision to offload the Dockers® line as part of Levi's ongoing business transformation.