Category: News

News

Levi’s to Axe 20% of Workforce, Close Six U.S. Plants

NEW YORK, Apr 8, 2002/ — In a major blow to the American textile industry, Levi Strauss will shed 3,300 jobs, or 20 percent of its total work force, and close six of its eight U.S. manufacturing plants this year. Once the dominant force in the denim market, the 150-year-old …
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Levi’s Sales Down, Net Income Up

NEW YORK, Mar 20, 2002/ — Levi Strauss has reported a 47 percent increase in first-quarter net income, rising to $44 million from $30 million last year, mostly due to decreased interest costs and foreign exchange rate gains. However, the company hasn’t yet managed to emerge from an alarming five-year …
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David Beckham to Design for M&S

NEW YORK, Mar 7, 2002/  — Marks & Spencer wants to make it easier for young English lads to emulate David Beckham. The soccer star – and husband of former Posh Spice, Victoria – has signed a multimillion-dollar deal with the British retailer to design and promote a casual clothing …
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The Latest from Scotland: The Madonna Tartan

LONDON, Dec 26, 2001/ — The Material Girl now has her very own, well, material. Madonna and husband Guy Ritchie have been given a tartan, designed especially for them by Johnstons of Elgin, as an anniversary gift from Scotland. The Highlands of Scotland Tourist Board commissioned the tartan to show …
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David Beckham Named Best Dressed

NEW YORK, Dec 18, 2001/  — Looks like Victoria Beckham, aka Posh Spice, has got some catching up to do in the style stakes. Coming in a lousy seventh place in the Heat magazine Best Dressed Girl list this year, her son came second in the Best Dressed Celeb Kids …
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Levi’s Victorious in Battle With British Supermarket Chain

NEW YORK, Nov 21, 2001/ — Levi Strauss’s legal battle with British supermarket chain Tesco is over, and the jeans giant is victorious. The European Court of Justice in Luxembourg has ruled that Levi Strauss has the right to limit imports of its denim products from outside the European Union. …
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Coats Revises Plans to Sell Jaeger and Viyella

NEW YORK, Nov 18, 2001/ — It looks like Coats won’t be shedding Jaeger and Viyella quite as soon as expected. The British clothing group announced that its annual profit is likely to fall short of last year’s, and it’s too early put the brands on the block. Chief Executive …
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Levi Strauss Accuses Guess of Copying Designs, Again

NEW YORK, Oct 18, 2001/ — Two of the country’s most popular denim labels, Levi Strauss & Co and Guess Inc., are slugging it out in the courts over the design of their jeans and jackets. Levi has accused Guess of stealing its distinctive arched stitching design, a design the …
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Levi’s Recalls “Glossy Finish” Jeans

NEW YORK, Aug 30, 2001/ — In a move usually reserved for grocery store products or automobiles, Levi Strauss & Co. Europe has announced the voluntary recall of its limited edition “Glossy Finish” jeans, skirts and jackets. “Although we have had no customer complaints about these finishes, two employees who …