May 6, 2021

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Day: April 12, 2021

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Levi Strauss

& Co.’s finance chief is ramping up the denims maker’s capital spending, aiming to spend two-thirds of it on digital initiatives to help the corporate’s restoration from the results of the coronavirus pandemic.

San Francisco-based Levi’s this 12 months plans to allocate about $210 million towards capital expenditures, up from final 12 months’s finances, which was trimmed to round $130 million, in line with Chief Monetary Officer

Harmit Singh.

“We’re reallocating our prices in a means that we drive synergies and financial savings, and spend money on areas of development,” Mr. Singh mentioned.