Levi strauss & co. enters into definitive agreement to sell dockers® to authentic brands group

San francisco--(business wire)--levi strauss & co. (ls&co.) (nyse: levi) and authentic brands group (authentic) today announced that they have entered into a definitive agreement for ls&co. to sell dockers® to authentic for an initial transaction value of $311 million, subject to customary adjustments and closing conditions, with the potential to reach up to $391 million through an $80 million earnout opportunity in future years based on the performance of the dockers® business unde.
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