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[25] But that's when it all started happening. It moved very quickly, but it was really important. When you think about Levi's, right? We're 171 years old. Tremendous responsibility. Anybody who takes the mantle of leadership for this company and for all of Levi's stakeholders, the Chip, the board, the Haas family still owns over 70% of the business, was really important to have an insider be able to transition and transition effectively.
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[26] And I know it was unconventional. I got lots of questions: "Wait, you're CEO of this big company, and then you're going to take this year?" I viewed it as an unbelievable gift, and I encourage anybody who has that kind of opportunity.
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[27] I think it was Pattie who talks about "The jungle gym and not the ladder⁽²⁾". I'm all about the jungle gym. I mean, if I think about my career, so many of the opportunities that were unconventional led to the biggest opportunities.
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[28] Was it nerve-wracking? Was there ever a chance that you wouldn't get the top job during that year?
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[29] There's always a chance. I mean, you're not in it until you're in it. But, like anything, there's a level of, any kind of when you make a move like that, but I just so believed in the company, the brand, Chip, the team. And as soon as I landed there, it was like, "Oh my God, this is a dream come true."
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[30] I felt like all my experiences, going back to Procter & Gamble, 17 years at Starbucks, a decade at Kohl's, having been a CEO, prepared me for this role, which is truly a dream job.
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[31] Let's talk about numbers for a minute. So, last year Levi's reported revenue of $6.2 billion. Before you came on board, your predecessor had said that by the end of 2027, the company would hit $10 billion in revenue. You've recently delayed that timeline. You've been really transparent about why, saying it's the high cost of living impacting consumer spending.
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[32] At MPW, we talk about the high points, and we also like to talk about more challenging moments. So how does it feel to have to go out there and publicly say, "Hey, we're not going to hit that target"?
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[33] Yeah, no, I mean, I think from when that target was announced, the world looked very differently. And we're a lot smarter today on all the headwinds that are happening around the world.
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[34] So we haven't put a new date out there, but I have unbelievable conviction that we will become a $10 billion company. I mean, Levi's should be at least a $10 billion company, and we have clear line of sight on how to get there.
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[35] I mean, when I go back to succession, when Chip joined 12 years ago, the company was in a tough state, the brand was in a tough state. He put the brand back in the center of culture, right? So I'm building off a great foundation. That's how you get opportunities like that, right?
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[36] We never take it for granted, but our growth is going to be really going from being the best pair of blue jeans on the planet to head-to-toe denim lifestyle and selling lots of things like this and denim skirts and dresses and the jumpsuit I was wearing yesterday and everything that compliments.