Chip Bergh news and archive

Levi’s CEO Chip Bergh to retire in April 2024

Levi Strauss & Co. has announced that Chip Bergh has decided to retire from the company as of April 26, 2024. The company’s board of directors has elected Michelle Gass, currently the company’s president, to succeed Bergh as president and chief executive officer effective January 29, 2024, completing the transition plan announced on November 8,...

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Fashion

Levi’s promises to fight against controversial new voting laws

Jeans are the most democratic garment in our closet, worn by presidents and Amazon workers, tech nerds and suburban moms, Albert Einstein and Bruce Springsteen. And Levi’s, with their history of outfitting working class heroes––cowboys, lumberjacks, railroad workers––in search of their own American Dream, are arguably the most democratic of...

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Business

Levi Strauss & Co. quarterly profits take hit from IPO costs

Levi Strauss & Co. missed analysts' earnings expectations in the second quarter of the fiscal year, reporting on Tuesday a 5 percent increase in sales for the second quarter of the year, but a 63 percent drop in net income to 49 million dollars (about 39 million pounds). The American denim specialist said the fall in income was primarily due to...