- Levi Strauss & Co LEVI announced that it is temporarily suspending commercial operations in Russia, including any new investments, in the wake of the crisis in Ukraine.
- The company plans to support its employees, partners, and families affected by the decision.
- Levi Strauss will donate $300,000 to nonprofit organizations to aid those impacted by the ongoing conflict.
- About 4% of the company’s total revenues in 2021 were from Eastern Europe, half of which related to Russia.
- Price Action: LEVI shares closed lower by 6.52% at $19.63 on Friday.
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