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Levi Strauss & Co. (/ ˈ l iː v aɪ ˈ s t r aʊ s / LEE-vy STROWSS) is an American clothing company known worldwide for its Levi's (/ ˈ l iː v aɪ z / LEE-vyze) brand of denim jeans.It was founded in May 1853 [9] when German-Jewish immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California, to open a West Coast branch of his brothers' New York dry goods business.
Michelle D. Gass (Petkers) (born 1968 [1] [2]) is an American businesswoman who serves as the CEO of Levi Strauss & Co. [3] She previously served as CEO of department store Kohl's. [ 4 ] Education and career
Levi Strauss was never married, and died on September 26, 1902 in San Francisco. His estate was worth about $30 million (equivalent to $855 million in 2023). [1] Levi's nephew Sigmund Stern's only child, Elise Fanny Stern, [19] married Walter A. Haas, the son of Abraham Haas, whose descendants are the current owners of Levi Strauss & Co. [20]
Haas was born to a Jewish family in San Francisco, the son of Elise (née Stern) and Walter A. Haas. [1] His mother was the daughter of Sigmund Stern (the nephew of Levi Strauss [4] [5] and the son of David Stern); and Rosalie (née Meyer) Stern (the daughter of Harriet Newmark Meyer and Marc Eugene Meyer; [6] and the granddaughter of rabbi Joseph Newmark).
61-year-old Bergh made the reveal last week when celebrating Levi's IPO celebration at Wall Street, where he recounted a statement he made back in 2014.
In 2019, Haas owned nearly 17% of Levi Strauss & Co, making her a billionaire, following the February 2019 plan for the company to be publicly traded on the New York Stock Exchange. [7] [8] As of 2024, she owned 11%. [9] In 2021, Forbes estimated her net worth to be around $1.4 billion. [9]
Critics accuse Levi’s of ignoring its own labor standards after it continued working with a factory in Turkey that fired around 400 people last year after they joined a union and went on strike.
Levi’s global head of digital and emerging technology strategy Dr Amy Gershkoff Bolles also reassured that the company does “not see AI-generated models as a sole solution” to increase ...