Levi's to close four plants in Europe, trim work force in U.S. by nearly 1,000

Article Abstract:

Levi Strauss & Co. of San Francisco, CA, intends to trim its US laborforce by almost 1,000 positions as it shuts down four European manufacturing facilities that will eliminate around 20% of its European workforce. The jeans manufacturer is currently attempting to restructure its operations into more brand-driven lines after seeing its share of the market of young brand-conscious consumers reduced recently. Levi Strauss plans to concentrate on specific consumer categories by strengthening its creative staff throughout the world.

Comment:

Plans to shut down four European manufacturing facilities

United States, Europe, Labor force information, Plant shutdown, Cut and Sew Apparel Manufacturing, Men's & Women's Jeans, Jeans (Clothing), Article, Strauss (Levi) & Co. (CA)

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Seagram readies $2.5 billion equity sale

Article Abstract:

Seagram Co. is planning to sell up to $2.5 billion in equity. Charles R. Bronfman, the co-chairman of Seagram, is planning to sell up to $500 million of his own personal holdings in the firm. Mr. Bronfman is reducing his share in Seagram because of "financial and estate-planning purposes." It is believed Mr. Bronfman has been critical of Seagram's move into the entertainment industry.

Comment:

To sell up to $2.5 billion in equity

Canada, Strategy & planning, Liquor, Distilleries, Planning, Abstract, Seagram Company Ltd., Liquor industry

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