Beyond Yoga Goodwill Written Down Again
Levi Strauss’ yoga brand grew sales 19% to $32.2 million in the fiscal third quarter ended Aug. 25, partially offsetting a 15% drop in Dockers that sent LEVI’s other brands segment down 7% to $106 million from $114 million. Operating loss for the segment expanded to $8 million from $2 million. LEVI took a $111.4 million impairment charge for the Beyond Yoga reporting unit, including $36.3 million for goodwill, $66.0 million for the trademark, and $9.1 ... Log in to view full article.
