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.
Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years.
The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
The private equity company has acquired a minority stake in Jeanologia, a Spanish maker of denim manufacturing equipment. The investment will allow Jeanologia to amplify its R&D efforts over the next three years.
The Spanish apparel retailer is exploring personalisation with a denim collection which will allow customers to add embroidered words. The service will be available online and in select stores from 27 March.
Primark has launched its first jeans made entirely from sustainable cotton with a debut across the UK and Europe as the company responds to consumer demand and continues its work with farmers in India and Pakistan.