Corporations: Levi's Gold Rush

In an era of acquisitive conglomerates and breathless corporate mergers, San Francisco's Levi Strauss & Co. is something of an anomaly. It is a privately owned, family-controlled company that has become successful almost entirely by internal expansion. Just how successful became known only last week. Issuing the first public financial report in its 119-year history, the behemoth of blue jeans announced that it earned $12.1 million in 1968 on sales of $196.8 million. That record makes it one of the nation's half-dozen biggest apparel manufacturers.

The disclosure was prompted by a Securities and Exchange Commission requirement that large privately held firms...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!