Authentic to acquire Dockers from Levi Strauss for $311m.

Authentic Brands Group, a brand management company, agreed to acquire Dockers, a clothing brand, from Levi Strauss, apparels manufacturer and distributor, for $311m. “Dockers is a natural fit for the Authentic model. It’s a brand with deep roots, high awareness and a solid foundation in licensing - all things we look for when acquiring new brands. Dockers played a key role in shaping casual workwear as we know it today, and we see significant potential to build on that legacy and grow the brand across a variety of categories,” Jamie Salter, Authenic Founder, Chairman and CEO.