As Jeans Giant Levi Strauss Prepares To Go Public, New Billionaire Emerges [Forbes]
Macy's Inc (M)
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Source: Forbes
As Jeans Giant Levi Strauss Prepares To Go Public, New Billionaire Emerges Getty Images Levi Strauss & Co., one of the most storied brands in the U.S.--long-controlled by the Haas family Altogether six members of the Haas family, which ra nks among one of America’s richest clans , own a combined 63% of Levi’s, according to SEC filing the 165-year-old company. The largest shareholder, Mimi L. Haas, has a nearly 17% stake that’s worth at least $1 billion, Forbes estimates. Levi’s racked up 2018 revenues of nearly $5.6 billion, up 14% from the prior year. Based on those revenues and comparable companies in the apparel space, estimates that the company is worth about $6.4 billion, making the stakes together worth about $4 billion. In 2015, Forbes valued the entire Haas family ( excluding shares owned by their charitable foundations) at $3.7 billion. In 2015, Forbes found that 44% of Levi Strauss was owned by more than 200 shareholders, most of whom were relatives. It’s likely that these d
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Earnings
- 2/27/24 - Beat
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Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website