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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"