Chip Bergh’s mission to bring Levi Strauss & Co. back to its core bore fruit in the first quarter.
Profits more than doubled; margins improved; costs and debt fell, and all three of its geographic regions registered improved bottom-line results despite top-line erosion in Asia-Pacific and a flat quarter in the Americas. A 1.6 percent drop in quarterly revenues was attributed principally to the company’s strategic decision last year to exit the Denizen business in Asia and license out boys’ wear in the Americas, moves that contributed to the bottom-line and margin improvement.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)