Stocks rose by 20 percent and received the ‘Beyoncé bump’ from the singer’s eighth studio album.
Levi’s has gotten a surge in stock popularity thanks to a track on Beyoncé’s new album, Cowboy Carter.
Towards the midpoint of the LP, at track 17, is “Levii’s Jeans,” a collaboration between Bey and Post Malone. Not only was the link-up between the two artists unexpected, but made Levi’s stock jump by 20 percent, as acknowledged on CBS News by Levi’s CEO Michelle Gass.
“I would just say that denim is having a moment and the Levi’s brand is having a powerful moment around the world,” Gass said.
She continued, “One of the things that really is significant about the Levi’s brand and we place a lot of emphasis and investment is making sure that Levi’s brand remains in the center of culture. And I don’t think there’s any better evidence or proof point than having someone like Beyoncé, who is a culture shaper, to actually name a song after us.”
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After Cowboy Carter dropped, Levi’s official Instagram page also made a subtle reference to the song’s title.
As Cowboy Carter is currently the most-streamed album on Spotify this year, featured on the LP were Black country music acts like Tanner Addell, Reyna Roberts, Shaboozey and Tiera Kennedy, who received their first U.S. Spotify entries earlier this month.
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The ‘Beyoncé bump’ in fashion has been monumental whenever the signer acknowledges a clothing brand in her music. On “Summer Renaissance,” the final track from her 2022 album Renaissance, Bey made reference to Black-owned fashion line Telfar, making searches for Telfar items on resale site TheRealReal jump by 85 percent, per Vogue.
