Levis

Levi Strauss & Co. has said that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor. Chip Bergh, 66, will cede the CEO job to Michelle Gass, 55, who left her CEO role at Kohl's to become president of Levi's in January of this year. Bergh, who took over at the San Francisco company in September 2011, will stay on as executive vice chair until he retires in late April, Levi Strauss said on Thursday. He will remain on as an advisor through the end of the fiscal year. Gass will take on the CEO position on January 29. The move completes the succession plan that was announced just over a year ago, when Levi Strauss had said Gass was joining the company to succeed Bergh within 18 months. Over the course of his tenure, Bergh moved the brand from a predominantly men's US wholesale pants business to a global, direct-to-consumer company. He also reinvigorated the women's business. Under his leadership, Levi Strauss returned to the public ..

As part of a wider water-saving effort, the San Francisco-based company, which invented blue jeans in 1873, has become an early pioneer of a method known drily as "contextual water targets"

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(Reuters) - Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company.