Learn more

Levi Strauss & Co (NYSE:LEVI) revealed on Wednesday its consideration of selling the Dockers brand. Following this announcement, the company’s shares experienced a 10% drop in after-hours trading. What Happened: The iconic denim company is concentrating on expanding its core Levi’s brand and Beyond Yoga activewear line, Reuters reported. “We are narrowing our focus to realize the full potential of the Levi’s brand as well as accelerate Beyond Yoga. Accordingly, we are undertaking an evaluation of strategic alternatives for the global Dockers business,” CEO Michelle Gass said during a post-earn…

cuu