Levi Strauss to sell Dockers to Authentic Brands in $300M deal
Teona Gherasim
May 20 (UPI) -- Clothing company Levi Strauss announced Tuesday it will sell its Dockers line to Authentic Brands Group in a more than $300 million acquisition. The brand management firm Authentic, under the deal terms, will take over the intellectual rights to Dockers in a $311 million initial transaction. Centric Brands, with offices around the globe handling other higher-end brands like Calvin Klein and Tommy Hilfiger, will assume operations for Dockers in manufacturing, sourcing and
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