Levi Strauss & Co's is betting it can convince investors there is still ple...
NEW YORK - Levi Strauss & Co’s is betting it can convince investors there is still plenty of global growth left for the 165-year old company, but fund managers fret the iconic blue jeans maker’s stock may be too pricey to generate a decent return.
In its prospectus, Levi’s said it plans to expand its women’s clothing line and grow in markets such as China, which represented just 3 percent of its net sales in 2018. Levi’s shares jumped more than 30 percent, which has mutual fund managers questioning whether a long-term investment in the denim company would be profitable.
The newly-public company would also face increased competition for fund managers’ attention if VF Corp spins off Western jeans brand Wrangler’s, as expected in the first half of 2019. Wrangler’s also sells apparel, including cowboy hats, shirts, and jackets. “We’re all sitting around here asking, ‘Where’s the growth?’” he said. “If they can come out with a plan to show that they can grow market share and not be as dependent on retail stores then it becomes a lot more interesting.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Levi Strauss & Co. Cl ALevi Strauss & Co. Cl A stock price, stock quotes and financial overviews from MarketWatch.
Read more »
Levi Strauss shares surge 31 percent in stock market returnShares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving...
Read more »
Levi Strauss valued at $6.6 billion as IPO prices above targetLevi Strauss & Co fetched a higher price than expected in its initial public off...
Read more »
Levi Strauss valued at $6.6 billion as IPO prices above targetLevi Strauss & Co is coming back to the stock market after more than three decades with a valuation of $6.6 billion $LEVI
Read more »
Levi Strauss prices IPO at $17 a share
Read more »
Levi Strauss prices IPO at $17 a share, will raise more than $600 millionLevi Strauss & Co. priced its initial public offering at $17 a share Wednesday afternoon, and will raise more than $600 million. The iconic San Francisco...
Read more »
Levi Strauss shares open at $22.22 in IPO, as jean giant makes return to the public marketBlue jeans giant Levi Strauss & Co began trading on the New York Stock Exchange at $22.22 a share, after having priced its initial public offering at $17 a share the night prior.
Read more »
Dow futures lower | FBI aides Boeing probe | Levi Strauss trading setFutures are pointing to a lower open for the Dow and S&P 500 ahead of the Thursday session, with investors still trying to digest the implications of yesterday's Fed meeting.
Read more »
Guess shares tumble on earnings shortfall as Levi Strauss IPO loomsShares of clothing company Guess tanked nearly 14 percent in the premarket Thursday after reporting earnings that missed analyst expectations.
Read more »
Levi Strauss, Valued At $6.6 Billion, Is Making A Comeback As A Public CompanyThe 165-year-old company that invented blue jeans still makes most of its money from men’s pants, but that's changing.
Read more »
Here comes Levi Strauss...Levi Strauss is returning to the public market Thursday with an initial public offering on the new York Stock Exchange.
Read more »