Levi Strauss & Co.’s accelerated shift into retail gear helped it boost fourth-quarter profits 28.4 percent, and the company has no plans to alter its increasingly vertical orientation.
The San Francisco-based denim giant grew its base of company-owned stores to 470 units at the end of 2010, about 190 of them in the Americas, from 414 a year earlier. Overseas, franchised units grew to about 2,000 from about 1,600 in the same period.
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?"