Levi’s Albania completes the acquisition of Social DNA LTD
LONDON, June 7, 2018 — Social DNA today announced that Levi’s Albania has completed the acquisition of Social DNA assets. Social DNA assets which include the intellectual property, customer database, social media channels and the website will now be owned by Levi’s Albania. The purchase price is undisclosed.
Social DNA has established a strong social media following of more than 40,000 followers as well as has a growing website traffic. Social DNA will stop releasing new collection under the new ownership. This will come at an advantage for Levis Albania to enhance brand awareness and connect with potential consumers in order to penetrate Albanian market.
Social DNA Managing Director Geri Cupi said, “We’re very excited for Social DNA to join the Levi’s Albania family. We recognize the potential in combining our market knowledge and established customer base to enhance Levi’s offerings for consumers in Albania and beyond.”
This acquisition has been done in light of the first Levis Albania store opening in Toptani Shopping Center in Tirana, this July, adjacent to Patrizia Rigotti and Adidas, and will feature men’s and women’s ranges plus a selection of accessories.
About Social DNA LTD
Social DNA LTD is an uprising premium denim company targeting the Albanian Market making one-of-a-kind quality jeans and jackets with headquarters in London and operational team in Albania. SocialDNA revitalises denim from brands such as Levi’s and Calvin Klein by embroidering each piece with unique signature details. We believe that each person is unique and special, thus we make tailor-made denim pieces that can be personalised to embrace your individuality. SocialDNA talented team handpicks only high-quality denim to breathe a new life into. Every item is available in 10 pieces only. For more information about SocialDNA please visit www.socialdna.london.
About Levi’s Albania
Levi’s Albania is a subsidiary of Rier shpk which operates in the mining, petrol and retail sectors in Albania. Rier owns the exclusive distribution rights for Levi Strauss & Co products in the Albanian market. The Levi’s® brand epitomizes classic American style and effortless cool. Since their invention by Levi Strauss & Co. in 1873, Levi’s® jeans have become the most recognizable and imitated clothing in the world — capturing the imagination and loyalty of people for generations. Today, the Levi’s® brand portfolio continues to evolve through a relentless pioneering and innovative spirit that is unparalleled in the apparel industry.