LOS ANGELES — Levi Strauss & Co. reported a 14 percent gain in third-quarter net income, driven primarily by favorable currency exchange rates, new stores and decreased interest expense.
The San Francisco-based company also reported revenue growth in all its global regions. For the three months ending Aug. 24, net income increased to $69 million, from $60 million in the year-ago period. Revenues rose 6 percent to $1.11 billion versus $1.05 billion last year. Excluding favorable currency exchange rates, global revenue increased 2 percent.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"