American apparel company Levi Strauss is suspending commercial operations and any new investments in Russia
Mar. 07, 2022 7:29 AM ETLevi Strauss & Co. (LEVI)By: Niloofer Shaikh, SA News Editor
- Levi Strauss & Co. (NYSE:LEVI) is temporarily suspending commercial operations in Russia, including any new investments.
- The company is committed to supporting its employees, partners and their families affected by this decision in the months ahead.
- In 2021, approximately 4% of the company’s total net revenues were derived from Eastern Europe, half of which was related to Russia.