Debt load stretches Levi’s to the limit


At the start of December, Fitch Ratings lowered its rating on Levi Strauss to CCC+ from B- following the jeans manufacturer’s announcement that it had retained the management of consulting firm Alvarez & Marsal to help turn around the beleaguered firm.

Levi’s also replaced its chief financial officer Bill Chiasson with Alvarez’s Jim Fogarty, who will act as interim CFO and advise Levi’s on strategies to reduce debt and costs. Levi’s problems have stemmed from a high debt load, p

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: