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Levi Strauss to lay off up to 15% of corporate workforce, stock slides as profit forecast disappoints

Por: MarketWatch Business January 26, 2024

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The cuts and savings plan came as Chief Executive Chip Bergh and hand the reins to Michelle Gass, who will take over on Jan. 29. Levi’s is also trying to sell more of its own denim directly to shoppers via its own physical stores and online sales network, as outside chain retailers remain cautious on stocking up too much on new clothing following nearly two years of muted demand. “We have a strong pipeline of newness and innovation launching... + full article



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