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Schiffer, who picks up stakes in new ventures, said he was interested in grabbing a share of Levi’s when it goes public personalised cufflinks for groom from bride. Demand for denim is surging, driven by new styles such as high-waist and pinstriped jeans. Smaller rivals American Eagle Outfitters and Abercrombie & Fitch last week posted strong results, boosted by robust denim sales. The 165-year-old company, however, aims to evolve into a full-fledged global lifestyle leader for both men and women. To attract young customers, Levi’s also plans to expand its tailor shop and print bar that allow consumers to customize and put their own designs on the company’s branded jeans and T-shirts..
Levi Strauss, which also sells footwear, belts and wallets, reported annual net revenue of $5.6 billion in 2018. The descendants of founder Levi Strauss, the Hass family, will retain 80 percent of voting control in the company following the IPO, the filing showed. Levi Strauss joins a list of high-profile firms filing to go public this year, such as ride-hailing companies Uber Technologies and Lyft, photo-posting app Pinterest and home-renting service provider Airbnb. (reut.rs/2HiQaaP) personalised cufflinks for groom from bride. Compared to tech unicorns such as Uber and Airbnb, investors see Levi Strauss as more of a short-term play due to frequently changing trends in the fashion industry, Schiffer said..
LONDON (Reuters) – The former CEO of Olympus, who blew the whistle on a $1.7 billion accounting scandal at the Japanese medical equipment maker in 2011, has won a London court battle over alleged wrongdoing linked to his 64-million-pound ($85-million) pension. Olympus’s British subsidiary KeyMed sued Michael Woodford and former company director Paul Hillman in 2016, alleging they breached their duties as directors and trustees of a defined benefit pension plan and conspired to maximize their pension benefits by unlawful means personalised cufflinks for groom from bride.
London High Court Judge Marcus Smith said on Monday he saw no evidence of dishonest or improper conduct by the company veterans and said any failings identified by KeyMed could be attributable to “an innocent failure of process” in a busy company. “In these circumstances, I find that the defendants acted honestly and did not breach the duties personalised cufflinks for groom from bride. dishonestly or at all,” he said in a judgment. Woodford, who joined KeyMed as a 20-year-old salesman in 1981 and rose through the ranks to become Olympus’s first foreign chief executive in 2011, was fired two weeks into the top job after persistently querying unexplained payments. He then alerted global authorities and the media..
Olympus initially said Woodford was fired for failing to understand its management style and Japanese culture. But the company later admitted it had used improper accounting to conceal investment losses and restated years of financial results. In September 2012, the company and three former executives pleaded guilty in Japan to cover-up charges. Woodford and Hillman, described in the judgment as Woodford’s “right-hand man” who also left the company in 2011 after a 33-year career, said in a joint statement that they felt completely vindicated personalised cufflinks for groom from bride.