Levi Strauss' sale of Dockers boosts UBS confidence in long-term strategy

  • Levi Strauss & Co (NYSE:LEVI)'s announcement of the sale of its Dockers brand to Authentic Brands Group for $311 million has UBS analysts more bullish on the clothing company, most famous for its jeans. Notably, the deal could be worth up to $391 million for Levi based on an additional $80 million cash earnout contingent on Dockers' performance under Authentic Brands.