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NEW YORK -- The Chou family, the Hong Kong investors who helped revive Tommy Hilfiger in the Nineties, is said to be considering an acquisition of Dockers, according to sources in the financial community.
Silas K.F. Chou, who also has investment stakes in Michael Kors (USA) Inc., British luxury brands Asprey and Garrard and the Hong Kong-based manufacturer Novel Denim Holdings, was traveling and unavailable for comment Friday, according to a Novel official.
Levi Strauss & Co. put the $1 billion Dockers brand on the block in May, hiring Citigroup Inc. to handle the sale, which would help take a hefty bite out of the $2.02 billion debt load that has become a high priority for the company after seven consecutive years of sales declines.
A Levi's spokesman on Friday said "the process [of selling Dockers] is continuing" but that the company would have no comment until...