Authentic Brands Group, LLC entered into a definitive agreement to acquire Levi Strauss & Co. (Canada) Inc. from Levi Strauss & Co. (NYSE:LEVI) for approximately CAD 390 million on May 18, 2025. The transaction has initial transaction value of CAD 311 million, subject to customary adjustments and closing conditions, with the potential to reach up to CAD 391 million through an CAD 80 million earnout opportunity in future years based on the performance of the Dockers® business under Authentic?s ownership.
The transaction is subject to customary closing conditions, and the expected completion of the transaction is on or around July 31, 2025.
BofA Securities, Inc. acted as financial advisor for Levi Strauss & Co. The team of Cleary Gottlieb Steen & Hamilton LLP led by Benet O?Reilly, Kelsey Nussenfeld, Maureen Linch, Jens Hafemann, Marcela Robledo, Julia Petty, Loïc Peltzer; Jerome Hartemann, Michael Brems, Melissa Reid, Brian Byrne, Cunzhen Huang, Steven Kaiser, Alexis Raguet, Anne-Sophie Coustel, David Singer, Gianluca Russo, Amy Shapiro and Helena Grannis acted as legal advisor for Levi Strauss & Co.
Authentic Brands Group, LLC completed the acquisition of Levi Strauss & Co. (Canada) Inc. from Levi Strauss & Co. (NYSE:LEVI) on February 27, 2026.
Levi Strauss & Co. is an apparel company. The Company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Levi Strauss Signature, Denizen, Dockers and Beyond Yoga brands. The Company operates through three geographical segments: Americas, Europe, and Asia. It designs, markets and sells directly or through third parties and licensee's products that include jeans, casual and dress pants, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women and children around the world. The Company’s products are sold in more than 120 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,400 retail stores and shop-in-shops. Outside the United States, department stores, specialty retailers, franchised or other brand-dedicated stores and shop-in-shops are its primary distribution channels.
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