Levi Strauss

Levi Strauss & Co. Reports First-Quarter 2024 Financial Results

Retrieved on: 
Wednesday, April 3, 2024
Retail, Manufacturing, Finance, Banking, Professional Services, Women, Supply Chain Management, Online Retail, Luxury, Other Retail, Men, Other Manufacturing, Specialty, Textiles, Consumer, Fashion, Growth, Levi Strauss & Co., EPS, LEVI, Levi Strauss, DTC, Direct

Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the first quarter ended February 25, 2024.

Key Points: 
  • Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the first quarter ended February 25, 2024.
  • “We started the year strong delivering results above expectations, underscoring the power of the Levi’s brand and the progress we are making on our strategic priorities.
  • This shift negatively impacted Q1 2024 over 2023 by approximately $100 million or 6% of net revenues.
  • Global wholesale net revenues were down 9% to prior year when normalizing for the shift in wholesale shipments in Q1 2023.

Levi Strauss & Co. Reports Fourth-Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, January 25, 2024
Retail, Department Stores, Fashion, Levi Strauss & Co., Direct, Signature, Environment, LEVI, DTC, Levi Strauss, First, Growth

Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the fourth quarter and fiscal year ended November 26, 2023.

Key Points: 
  • Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the fourth quarter and fiscal year ended November 26, 2023.
  • In fiscal 2024, it is expected this initiative will generate net cost savings of $100 million.
  • In Europe, net revenues increased 2% on a reported basis and decreased 2% on a constant-currency basis; excluding Russia, net revenues increased 1% on a constant-currency basis.
  • Other Brands net revenues decreased 11% on a reported basis and 13% on a constant-currency basis.

Beyond Yoga® Announces Executive Leadership Transition, Designed to Fuel Growth Under Levi Strauss & Co.

Retrieved on: 
Friday, January 19, 2024
Luxury, Textiles, Other Retail, Transport, Specialty, Manufacturing, Fashion, Supply Chain Management, Retail, Online Retail, Athleisure, UC, National Retail Federation, Business, Old Navy, Ecosystem, LEVI, Beyond, Levi Strauss, Equity, Human, Wahler, Lilium, Growth

“I want to thank Michelle for her leadership and for integrating Beyond Yoga® into the LS&Co.

Key Points: 
  • “I want to thank Michelle for her leadership and for integrating Beyond Yoga® into the LS&Co.
  • Green’s appointment as CEO is expected to bring in a new era of accelerated growth for Beyond Yoga®.
  • teams to continue to build the brand and accelerate its growth,” said Green, incoming CEO of Beyond Yoga®.
  • I’m committed to staying true to these values as we continue to build this community and scale this brand for its next chapter of growth.

Corporate granting surges across Benevity’s growing client community

Retrieved on: 
Tuesday, January 9, 2024
FirstEnergy, Pinterest, Volunteering, Trust, Benevity, CSR, DEI, Social capital, Levi Strauss, Growth

CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Benevity Inc. , the leading provider of global corporate purpose software, today announced a surge in corporate granting, with 38% year-over-year growth in grants processed on its platform.

Key Points: 
  • CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Benevity Inc. , the leading provider of global corporate purpose software, today announced a surge in corporate granting, with 38% year-over-year growth in grants processed on its platform.
  • Benevity’s growing client community has contributed to the increase, with a quarter of new clients in 2023 leveraging Benevity’s grants management products as a part of their corporate social responsibility (CSR) programs.
  • Throughout 2023, Benevity has added 105 companies to its client community consisting of nearly 1,000 purpose-driven brands.
  • Increasingly, purpose-driven brands are looking to align all of their social impact initiatives – granting, employee giving, volunteering and DEI efforts – in a holistic way to meet their corporate mission and drive strategic impact.

Levi Strauss & Co. Appoints David Marberger to Board of Directors

Retrieved on: 
Tuesday, January 9, 2024
Retail, Textiles, Manufacturing, Fashion, Campbell Soup Company, Levi Strauss & Co., Conagra Brands, Accounting, Tastykake, CFO, History, University, LEVI, Godiva Chocolatier, Information technology, Longevity, University of Pennsylvania, CAG, Prestige Consumer Healthcare, Levi Strauss, Growth, Management

(NYSE: LEVI) announced today that its board of directors has appointed David Marberger as a member of the board and to serve on the board’s Audit Committee, effective immediately.

Key Points: 
  • (NYSE: LEVI) announced today that its board of directors has appointed David Marberger as a member of the board and to serve on the board’s Audit Committee, effective immediately.
  • With more than 30 years of finance and leadership experience, Marberger currently serves as the executive vice president and chief financial officer for Conagra Brands, Inc. (NYSE: CAG).
  • “With a distinguished career spanning over three decades, David brings a wealth of experience working with prominent global brands, making him an ideal addition to the LS&Co.
  • “I am honored to join the board at Levi Strauss & Co., a company I’ve long admired for its rich history and longevity as a globally recognized iconic brand,” said Marberger.

Constellation Brands Announces Wine & Spirits Leadership Transition

Retrieved on: 
Thursday, January 4, 2024
Constellation, American Eagle Outfitters, Constellation Brands, Levi Strauss, Wine, Wine & Spirits, EVP, Management

VICTOR, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced that the Company and Robert Hanson, who has led the transformation of the company’s Wine & Spirits business since 2019, have mutually agreed that Mr. Hanson will step down from his role as Executive Vice President and President of the company’s Wine & Spirits Division, at the end of Constellation’s fiscal year on February 29, 2024. The company has initiated a search to identify a successor. Bill Newlands, President and Chief Executive Officer, will assume responsibilities as interim leader for the company’s Wine & Spirits Division, in addition to his existing responsibilities, until a successor is named. Newlands and Hanson will work together over the coming weeks to ensure a smooth transition of leadership.

Key Points: 
  • Bill Newlands, President and Chief Executive Officer, will assume responsibilities as interim leader for the company’s Wine & Spirits Division, in addition to his existing responsibilities, until a successor is named.
  • Newlands and Hanson will work together over the coming weeks to ensure a smooth transition of leadership.
  • Under Hanson’s leadership over the past four-and-a-half years, the company’s Wine & Spirits Division has significantly reshaped its brand portfolio through a series of divestitures of lower-end brands, several tuck-in acquisitions of higher-end fine wine and craft spirits brands, consumer-led innovation, and by establishing a strong operational foundation for long-term success and more profitable growth.
  • “I am proud to have served both the Board and the Wine & Spirits Division of Constellation Brands, have a deep admiration and respect for the company and its iconic beverage alcohol portfolio and, in particular, its talented team members,” said Hanson.

Trillora Packaging Solutions: A New Chapter in Packaging Optimization and Performance

Retrieved on: 
Thursday, January 4, 2024
Fashion, Packaging, Footwear, Retail, Manufacturing, Specialty, Acquisition, Levi Strauss, Bare Bones, Nike

Trillora Packaging Solutions proudly announces a new name and brand redesign following their recent acquisition by Mimir Group.

Key Points: 
  • Trillora Packaging Solutions proudly announces a new name and brand redesign following their recent acquisition by Mimir Group.
  • An emerging leader in the packaging industry, Trillora delivers sharper strategies and service-first solutions for ambitious brands in the apparel, footwear, sporting goods, and outdoor equipment industries.
  • The acquisition is a carve-out divestiture from Swedish paper company Billerud and is a defining chapter in the company’s 25-plus-year history.
  • “Trillora represents a new chapter in our journey, and we are excited to continue delivering exceptional value to our clients and partners worldwide."

Macy’s, Inc. Names Tracy Preston Chief Legal Officer

Retrieved on: 
Tuesday, December 5, 2023
Fashion, Footwear, Cosmetics, Retail, Luxury, Department Stores, Georgetown University, NYSE, Employment, University, Neiman Marcus, Latham & Watkins, Multimedia, Levi Strauss & Co., Hanesbrands, Levi Strauss, Baker McKenzie, Private investigator

Macy’s, Inc. (NYSE:M) today announced that Tracy Preston has been named chief legal officer and corporate secretary of Macy’s, Inc., effective January 8, 2024, and will report to Tony Spring, president and CEO-elect, Macy’s, Inc.

Key Points: 
  • Macy’s, Inc. (NYSE:M) today announced that Tracy Preston has been named chief legal officer and corporate secretary of Macy’s, Inc., effective January 8, 2024, and will report to Tony Spring, president and CEO-elect, Macy’s, Inc.
  • View the full release here: https://www.businesswire.com/news/home/20231205213749/en/
    Macy’s, Inc. Names Tracy Preston Chief Legal Officer (Photo: Business Wire)
    As chief legal officer, Tracy will be responsible for a broad range of legal affairs, litigation and compliance for Macy’s, Inc., including employment, real estate, credit, commercial and regulatory matters, enterprise security and internal audit.
  • Additionally, Tracy will act as legal advisor to senior leadership and the board of directors in her role as corporate secretary.
  • Prior to joining Macy’s, Inc., Tracy served as chief compliance officer, chief legal officer and corporate secretary of HanesBrands Inc. Before that, she held the same titles at Neiman Marcus Group.

Fiverr Welcomes Matti Yahav as Chief Marketing Officer and Appoints Yael Garten to its Board of Directors

Retrieved on: 
Thursday, November 2, 2023
Research, Matti, Levi Strauss, Engineering, NYSE, Heart, Stanford University School of Medicine, Data science, SodaStream, Growth, Lego Disney, Marketing, Machine learning, Apple, AI, CMO, Management, Fiverr, Nestlé

The addition of Matti and Yael is part of Fiverr’s broader strategy to build an iconic brand and drive continued innovation.

Key Points: 
  • The addition of Matti and Yael is part of Fiverr’s broader strategy to build an iconic brand and drive continued innovation.
  • Matti brings with him over 20 years of marketing experience to Fiverr.
  • He has worked with some of the world’s most recognizable brands, including Lego, Disney, Nestle, and SodaStream.
  • During his time at SodaStream, Matti spent over seven years on the Global Management Team, five of which were as CMO.

Half a Million Factory Workers in Low-Income Countries Have Vision Screened in Landmark Project Led by Alliance of US Businesses – a Milestone Announced Today, World Sight Day

Retrieved on: 
Thursday, October 12, 2023
Footwear, Retail, Health, Manufacturing, Supply Chain Management, Professional Services, Optical, Other Philanthropy, Philanthropy, General Health, Foundation, Social Services, Textiles, Fashion, Well, UGG, Partnership, Multimedia, Glasses, North, Levi Strauss & Co., Paratriathlon, Community, Government, World Trade Organization, Levi Strauss, VF Corporation, Entrepreneurship, Warby Parker, USAID, Woman, Life, VF, Quality of life, Clothing, Nursing, Management, Television, Vans

VisionSpring dispensed eyeglasses to 188,000 factory workers, 78% of whom received their first-ever pair.

Key Points: 
  • VisionSpring dispensed eyeglasses to 188,000 factory workers, 78% of whom received their first-ever pair.
  • “Serving half a million workers demonstrates that this life-changing intervention scales,” said CEO of VisionSpring Ella Gudwin.
  • “There are many millions more workers in need of a pair of eyeglasses, an estimated 1.2 million garment workers in Bangladesh alone.
  • The benefits of vision correction are felt particularly by workers over the age of 35, who are experiencing age-related vision deterioration.