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Levi Strauss & Co. on Thursday agreed to buy the yoga apparel brand Beyond Yoga, launching the jeans maker into the competitive activewear space.
Levi didn’t disclose the size of the all-cash deal, which is expected to close in the fourth quarter.
Levi expects the acquisition will add more than $100 million to its net revenue next fiscal year, and immediately bolster its earnings.
Source: CNBC
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. Know More →
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