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Stock impact report

The coronavirus pandemic 'creates an opportunity' for business, Levi Strauss CEO says [MSNBC.com]

Levi Strauss & Co Class A (LEVI) 
Last levi strauss & co class a earnings: 4/7 04:15 pm Check Earnings Report
Company Research Source: MSNBC.com
Levi Strauss"I fundamentally believe, through this crisis, strong brands are going to emerge from this stronger than ever," he said in a "Mad MoneyGovernment response efforts to the global health crisis has caused much economic damage, handicapping businesses across the country. Due to the shutdowns, Levi Strauss is taking steps to prepare for the future by repatriating struggling franchises, upgrading locations and picking up new employees in a hobbled job market. Levi Strauss is also using current consumer habits in China, where the disease originated in the Hubei province, as a model for how to resume business in the United States when given the all-clear.Bergh cited the company's "strong" balance sheet as a reason for his confidence, noting that Levi Strauss had $1.8 billion of liquidity and about $900 million in cash as of the end of its quarter ending February. Just as many of its peers and other businesses, though, Levi will be making efforts to "right size the organization," h Show less Read more
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