Latest news with #brandportfolio
Yahoo
23-05-2025
- Business
- Yahoo
Levi Strauss to Sell Dockers Brand to Authentic Brands Group
As part of its bold strategic transformation, Levi Strauss & Co. LEVI has agreed to sell its Dockers brand to Authentic Brands Group for an initial transaction value of $311 million, with the potential to reach $391 million through an $80 million earnout based on future performance. This milestone deal is a major step in Levi's plan to sharpen its brand portfolio and accelerate growth in its core business in 1986, Dockers rose to prominence as the go-to brand for khakis and chinos, becoming a staple of casual office wear for decades. At its peak, the brand became virtually synonymous with business casual style. However, the broader casualization of workwear and a significant rise in remote work environments in recent years have contributed to a decline in sales, as traditional office attire saw reduced the sale of Dockers is part of Levi's strategy to align its business with key priorities, including a direct-to-consumer (DTC) first model, international expansion, and increased investment in women's apparel and the denim lifestyle segment. The CEO of Levi emphasized the importance of this strategic move, noting that Authentic is the right partner to lead Dockers into its next growth chapter. Management expressed appreciation for the Dockers team's contributions and affirmed that the transaction maximizes the brand's transaction is expected to close in two phases: around July 31, 2025, for U.S. and Canadian operations, and around Jan. 31, 2026, for all remaining operations. Levi will also support the transition by providing services to Authentic and its partners for a limited a separate announcement, Authentic Brands Group revealed that it has entered into a licensing agreement with Centric Brands, which will serve as Dockers' operating partner for select categories in the United States and Canada. This strategic partnership is expected to support the continued growth and expansion of the Dockers brand in key North American markets, ensuring a smooth transition and strong operational execution under Authentic's ownership. With this agreement, Levi is strategically positioned to accelerate its transformation into a best-in-class omnichannel retailer. The company continues to evolve its globally iconic Levi's brand from a heritage jeans label into a comprehensive denim lifestyle brand while scaling the growth in its premium activewear offering, Beyond Yoga. Levi remains focused on delivering long-term, sustainable and profitable growth across multiple categories, sales channels and global regions. In line with its disciplined capital allocation strategy, the company plans to return approximately $100 million of the net cash proceeds from the transaction to its shareholders through share repurchases, reinforcing its commitment to delivering value to stakeholders. Levi is executing a focused long-term strategy centered on transforming into a leading global omnichannel retailer. At the heart of this plan is the continued evolution of the Levi's brand from a denim icon to a full lifestyle brand. By expanding its product assortment beyond traditional jeans to include tops, outerwear and other fashion-forward categories, Levi's aims to deepen consumer engagement and strengthen its presence across all key markets. This transformation is supported by significant investments in direct-to-consumer (DTC) channels, including e-commerce and owned retail stores, allowing the company to better control customer experiences, build loyalty and drive higher margins. Shares of this Zacks Rank #3 (Hold) company have lost 19.3% in the past three months against the industry's growth of 9.5%. Image Source: Zacks Investment Research Some better-ranked stocks are Nordstrom Inc. JWN, Stitch Fix SFIX and Canada Goose is a leading fashion specialty retailer. It has a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for Nordstrom's fiscal 2025 earnings and revenues indicates growth of 1.8% and 2.2%, respectively, from the fiscal 2024 reported levels. JWN delivered a negative trailing four-quarter average earnings surprise of 26.1%.Stitch Fix delivers customized shipments of apparel, shoes and accessories for women, men and kids. It currently has a Zacks Rank of Zacks Consensus Estimate for SFIX's fiscal 2025 earnings implies growth of 46.9% from the year-ago actual. SFIX delivered a trailing four-quarter average earnings surprise of 48.9%.Canada Goose is a global outerwear brand. GOOS is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. It carries a Zacks Rank of 2 at Zacks Consensus Estimate for Canada Goose's current fiscal year's earnings and revenues implies declines of 1.4% and 4.9%, respectively, from the year-ago actuals. Canada Goose delivered a trailing four-quarter average earnings surprise of 71.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Travel Daily News
16-05-2025
- Business
- Travel Daily News
SSP opens new units at King Abdulaziz International Airport
SSP expanded its brand portfolio at King Abdulaziz Airport, Jeddah, introducing global and regional dining concepts aligned with Saudi Vision 2030. SSP has brought a number of new brands to locations across to King Abdulaziz International Airport (KAIA), Jeddah. The move marks a significant milestone in the company's expansion strategy in the region. SSP has worked with a carefully selected suite of outstanding brands, tailoring the mix to the unique requirements of the travelling consumer and the passenger profile of KAIA. The units are located throughout the landside, international and domestic halls of Terminal 1 and post-security in the North Terminal of the airport. The line-up features leading gourmet brands from the region and beyond. These include Café Bateel, which combines Middle Eastern essence with Mediterranean accents, Viennese coffee shop Aïda, and gelato creator Snowflake. Falafel & Friends serves food inspired by the Middle East, YaSalam! will delight lovers of shawarma and The Social Bakery offers pastries perfectly suited to grab and go. Other names instantly recognisable to international travellers that can now be enjoyed at the airport are Pizza Express, Pret A Manger, Brioche Dorée and Crêpeaffaire. The brand line-up also includes a selection of SSP's well-known own brands. Fresh-to-go concept Soul + Grain, Camden food co. and Ritazza ensure a robust offering of food and drink to take away. Patamar, developed by SSP, serves dishes with roots in the Middle East and India, and the Indian theme continues at Jaipur. Negroni's hand-thrown pizzas bring a dash of Italian style whileJed2Fly, a concept developed specifically for KAIA, has a focus on speed and convenience giving guests everything they need to take on board their flight. Local Jeddah favourite The Social Kitchen will join the first Jamie Oliver's Kitchen in Saudi Arabia in completing the ambitious opening programme with those outlets opening later in 2025. Commenting on the openings, Mark Angela, CEO for SSP Eastern Europe and Middle East said: 'We are delighted to have opened such a significant and strong business in King Abdulaziz International Airport, Jeddah. The brand mix we have created, drawing from our extensive portfolio of some of the world's most exciting names, is exceptional, and we're certain it will delight travellers passing through KAIA. It's gratifying to have brought Pret A Manger to Saudi Arabia for the first time, and also introduced airport guests to Aïda, Snowflake and Crêpeaffaire. This new offer is a testament to our commitment to deliver the best part of the journey to guests, globally. 'The projects align strongly with Saudi Arabia's Vision 2030, which aims to diversify the country's economy and promote tourism, hospitality, and entertainment. As SSP continues to grow in Saudi Arabia and the wider GCC region, we're looking forward to making an even greater contribution to its evolving culinary landscape.'
