** Apparel maker Levi Strauss & Co's <LEVI.N> shares up ~2.8% at $18.07 after co says it will sell Dockers apparel brand to Reebok and Van Heusen owner Authentic Brands Group for $311 mln
** Deal will help LEVI focus more on its flagship Levi's brand and Beyond Yoga activewear line
** "The Dockers transaction further aligns our portfolio with our strategic priorities, focusing on our direct-to-consumer $(DTC.AU)$ first approach, growing our international presence and investing in opportunities across women's and denim lifestyle," Levi CEO Michelle Gass says
** LEVI expects deal to be completed by end of July for U.S. and Canada operations, with remaining global operations closing by January 2026
** Co says it plans to use $100 million of cash proceeds for share repurchases
** YTD shares up ~2%
(Reporting by Rajarshi Roy)
((Rajarshi.Roy@thomsonreuters.com ))
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