Levi Strauss & Co. (NYSE:LEVI) signed a purchase agreement to acquire Beyond Yoga on August 5, 2021. The transaction shall be financed with cash on hand. Following completion of the transaction, Beyond Yoga will operate as a standalone division within Levi Strauss & Co. and Co-Founder Michelle Wahler will continue to be Chief Executive Officer of Beyond Yoga and will report to Chip Bergh. The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2021. The deal is accretive to the earnings of Levi Strauss & Co. Goody Agahi of K&L Gates LLP acted as legal advisor to Beyond Yoga.