Levi Strauss & Co. to Sell DOCKERS Business to Authentic Brands Group

Cleary Gottlieb is representing Levi Strauss & Co. (LS&Co.) in the sale of its Dockers brand to Authentic Brands Group (Authentic) in a transaction with a total value of up to $391 million, based on an initial transaction value of $311 million, with a $80 million earnout opportunity in future years based on the performance of the Dockers business under Authentic’s ownership.

The transaction was announced on May 20, 2025, and is expected to close on or around July 31, 2025, for the Dockers intellectual property and operations in the United States and Canada, and on or around January 31, 2026, for the remaining Dockers operations, subject to customary closing conditions and customary price adjustments.

LS&Co. is one of the world’s largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear, and related accessories for men, women, and children under the Levi’s, Dockers, Levi Strauss Signature, Denizen, and Beyond Yoga brands. Its products are sold in approximately 120 countries worldwide through a combination of chain retailers, department stores, and online sites, and a global footprint of approximately 3,400 retail stores and shop-in-shops.

The Dockers brand is a leader in the casual pants category that has set the standard for casual wear since 1986 and continues to redefine everyday standards by providing the foundation of a modern wardrobe with strong, well-established American heritage. It is a worldwide favorite for all things khaki and features a full range of fits and styles, with thoughtful designs and advanced innovations.

Authentic is a leading intellectual property company that acquires, manages, and enhances brand equity by partnering with brand licenses. Authentic own more than 20 global consumer brands in sports, men’s fashion, women’s fashion, and celebrity. Its leading global brands include Spyder and Viking in sports, Hickey Freeman and Hart Schaffner in men’s fashion, Juicy Couture and Judith Leibner in women’s fashion, and Marilyn Monroe and Elvis Presly in celebrity.

For more information, please see the press release.