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Lever Style

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uuid003e3i6

Namestring
Lever Style
Legal namestring
Lever Style Limited
Websiteurl
leverstyle.com
Company typeenum
Public
Founded yearint
2005
Descriptiontext

Lever Style Limited (HKEX: 1346.HK) is a publicly listed, asset-light apparel manufacturing platform headquartered in Hong Kong that provides end-to-end production services to premium, contemporary, designer, and digital-first fashion brands. Founded in 2005 as Lever Shirt and rebranded in 2007 after acquiring Trinity's manufacturing arm, the company orchestrates a network of more than 150 factories across eight Pan-Asian countries and operates sales and design offices in New York, Los Angeles, London, Milan, Berlin, Brisbane, Melbourne, Shenzhen, and Hong Kong to serve clients globally.

The platform spans design support, product development, global fabric and trim sourcing, and technical pattern-making and finishing, with production capabilities across denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, and intimates. It is differentiated by high-mix, low-volume production suitable for both small-batch and large orders, multi-region production for supply chain risk mitigation, and a proprietary Zero-Discharge Wash technology. The portfolio has been expanded through seven post-IPO acquisitions — Delta Industries (denim), Liwaco (technical outerwear), Vista Apparel (knitwear), Seamless Solutions (activewear/athleisure), Champion System (sports jerseys/eSports), Elegant (Bangladesh sourcing), and a 2023 performance apparel maker — alongside a LeverSport sub-brand.

Revenue is generated primarily through transaction-fee production contracts negotiated directly with brand clients; pricing is quote-based and not publicly disclosed. The customer base includes Hugo Boss, Theory, AllSaints, Rag & Bone, REISS, Boden, Bonobos, SKIMS, Spanx, Alexander Wang, and other named brands. Sustainability credentials (B Corp, ISO 14068 carbon-neutrality verification, ISO 14001, GOTS, RWS, GRS, OCS, CDP disclosure, and a WWF Low Carbon Manufacturing Program partnership) function as procurement prerequisites for enterprise customers and as a market-access moat in European and D2C channels.

Short descriptiontext

Lever Style Limited (HKEX: 1346.HK) is a Hong Kong-headquartered, asset-light apparel manufacturer that delivers end-to-end production across all major apparel categories through 150+ Pan-Asian factories, serving premium, contemporary, designer, and D2C fashion brands worldwide.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersKowloon City, Hong Kong SAR China
HQ citystring
Kowloon City
HQ countrystring
Hong Kong SAR China
HQ regionstring
Asia
Markets served

Serves global market

Offices9 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
apparel manufacturing services, Pan-Asian production network, contract clothing manufacturer, high-mix low-volume production, fashion brand sourcing
NAICS code1 code
  • Apparel Manufacturing315
SIC code1 code
  • Apparel & Other Finishd Prods Of Fabrics & Similar Matl2300
Product category
Apparel Manufacturing
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Apparel Manufacturing Services
TypeTransaction Fee
Description

Lever Style generates revenue through end-to-end apparel manufacturing services including design support, product development, fabric sourcing, technical expertise, and production across multiple product categories (denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, intimates). Revenue is generated through production fees for custom apparel orders across their factory network.

leverstyle.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 record
1LeverSport
Description

Sports and activewear brand operated under Lever Style

leverstyle.com
Core offering1 text field

Lever Style is a Hong Kong-headquartered, publicly listed (HKEX: 1346.HK) end-to-end apparel manufacturer that produces clothing across all major categories (denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, intimates) for fashion brands. The company operates an asset-light Pan-Asian manufacturing platform coordinating 150+ factories across 8 countries, providing design support, product development, fabric sourcing, technical expertise, and full production services with high-mix, low-volume flexibility.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Flexible production for both large and small orders with high-mix, low-volume capabilities
+1 more record
Product overview1 text field

Lever Style operates as an end-to-end apparel manufacturing platform offering design, sourcing, and production services across all major apparel categories including denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, and intimates. The company manages a network of 150+ factories across 8 countries in Pan-Asia with high-mix low volume production capabilities. The platform is complemented by multiple acquired brands (Delta Industries for denim, Liwaco for technical outerwear, Vista Apparel for knitwear, Seamless Solutions for activewear, Champion System for sports/eSports, and Elegant for Bangladesh sourcing) and a sports sub-brand (LeverSport). Services include design support, product development, fabric sourcing, and technical expertise.

Product and service1 record
1End-to-End Apparel Manufacturing Platform
CategoryApparel Manufacturing
Description

Asset-light clothing manufacturing platform coordinating 150+ factories across 8 Pan-Asian countries to produce full-wardrobe apparel for fashion brands, offering high-mix, low-volume flexibility, design support, product development, fabric sourcing, and technical expertise from production to delivery. For enterprise fashion brand clients.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2009-05-01
Description

Lever Style partnered with WWF on an environmental sustainability pilot project. The company was also the first apparel company to partner with WWF on the Low Carbon Manufacturing Program, demonstrating early commitment to sustainability practices.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Lever Style co-founded the Sustainable Fashion Business Consortium in 2008, a group of like-minded Hong Kong-based apparel and textile companies committed to promoting sustainable practices in the fashion industry.

Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

Lever Style is a signatory to the UNFCCC's Fashion for Global Climate Action initiative, demonstrating commitment to climate action and sustainable fashion industry transformation.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

HKEX-listed (2232.HK) multi-category apparel OEM/ODM producing for global premium and mass brands across denim, knitwear, woven and activewear. Closest direct comparable to Lever Style in business model, product breadth, customer overlap and Hong Kong-listed governance.

TypeBroad incumbent
Description

HKEX-listed (0494.HK) global apparel and consumer goods sourcing and supply-chain manager. Comparable as a Hong Kong-headquartered apparel sourcing platform connecting brands to Asian production, but operating at broader scale across multiple consumer categories.

TypeBroad incumbent
Description

HKEX-listed (2678.HK) upstream textile manufacturer producing yarn, fabric and garments with Pan-Asian operations. Comparable as a Hong Kong-listed vertically integrated textile/apparel group, but positioned more upstream than Lever Style's cut-and-sew focus.

TypeDirect peer
Description

Taiwan-listed performance and athleisure knitwear manufacturer supplying Nike, Lululemon and Under Armour. Comparable as an Asian apparel OEM focused on premium and technical categories with vertically integrated fabric-to-garment capabilities.

TypeDirect peer
Description

HKEX-listed (2313.HK) large-scale knitwear and sportswear manufacturer supplying Nike, Adidas, Uniqlo and Puma. Comparable as a publicly listed Pan-Asian apparel contract manufacturer serving premium global brands with high-mix capabilities.

TypeRegional player
Description

HKEX-listed (3813.HK) sports footwear and apparel manufacturer and retailer serving Nike, Adidas and Puma across Greater China. Comparable as an Asia-based apparel/footwear contract manufacturer with overlap in activewear category but different end-product focus.

TypeDirect peer
Description

Hong Kong-headquartered apparel manufacturer producing shirts, bottoms and full garments for global premium brands. Comparable to Lever Style as a multi-country Asia-based contract manufacturer serving enterprise fashion customers, though privately held.

TypeDirect peer
Description

Taiwan-listed apparel OEM/ODM producing for global brands across woven, knit, sportswear and intimate categories. Comparable as an Asian multi-category contract manufacturer with a similar mix of premium and mass-market brand customers.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers26 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries7 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance10 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lever Style

Apparel Manufacturingleverstyle.com

Lever Style Limited (HKEX: 1346.HK) is a Hong Kong-headquartered, asset-light apparel manufacturer that delivers end-to-end production across all major apparel categories through 150+ Pan-Asian factories, serving premium, contemporary, designer, and D2C fashion brands worldwide.

What Lever Style does

Lever Style Limited (HKEX: 1346.HK) is a publicly listed, asset-light apparel manufacturing platform headquartered in Hong Kong that provides end-to-end production services to premium, contemporary, designer, and digital-first fashion brands. Founded in 2005 as Lever Shirt and rebranded in 2007 after acquiring Trinity's manufacturing arm, the company orchestrates a network of more than 150 factories across eight Pan-Asian countries and operates sales and design offices in New York, Los Angeles, London, Milan, Berlin, Brisbane, Melbourne, Shenzhen, and Hong Kong to serve clients globally.

The platform spans design support, product development, global fabric and trim sourcing, and technical pattern-making and finishing, with production capabilities across denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, and intimates. It is differentiated by high-mix, low-volume production suitable for both small-batch and large orders, multi-region production for supply chain risk mitigation, and a proprietary Zero-Discharge Wash technology. The portfolio has been expanded through seven post-IPO acquisitions — Delta Industries (denim), Liwaco (technical outerwear), Vista Apparel (knitwear), Seamless Solutions (activewear/athleisure), Champion System (sports jerseys/eSports), Elegant (Bangladesh sourcing), and a 2023 performance apparel maker — alongside a LeverSport sub-brand.

Revenue is generated primarily through transaction-fee production contracts negotiated directly with brand clients; pricing is quote-based and not publicly disclosed. The customer base includes Hugo Boss, Theory, AllSaints, Rag & Bone, REISS, Boden, Bonobos, SKIMS, Spanx, Alexander Wang, and other named brands. Sustainability credentials (B Corp, ISO 14068 carbon-neutrality verification, ISO 14001, GOTS, RWS, GRS, OCS, CDP disclosure, and a WWF Low Carbon Manufacturing Program partnership) function as procurement prerequisites for enterprise customers and as a market-access moat in European and D2C channels.

Lever Style firmographics

Firmographics
Name
Lever Style
Legal name
Lever Style Limited
Website
https://leverstyle.com
Company type
Public
Founded year
2005
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Lever Style Limited (HKEX: 1346.HK) is a Hong Kong-headquartered, asset-light apparel manufacturer that delivers end-to-end production across all major apparel categories through 150+ Pan-Asian factories, serving premium, contemporary, designer, and D2C fashion brands worldwide.
Ownership category
akta.pro rank

Where Lever Style is headquartered

Location

Headquarters

HQ city
Kowloon City
HQ country
Hong Kong SAR China
HQ region
Asia

Offices9 records

Markets served

Lever Style business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

  1. Apparel Manufacturing Services: Lever Style generates revenue through end-to-end apparel manufacturing services including design support, product development, fabric sourcing, technical expertise, and production across multiple product categories (denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, intimates). Revenue is generated through production fees for custom apparel orders across their factory network.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Lever Style product offering

Product offering

Core offering

Lever Style is a Hong Kong-headquartered, publicly listed (HKEX: 1346.HK) end-to-end apparel manufacturer that produces clothing across all major categories (denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, intimates) for fashion brands. The company operates an asset-light Pan-Asian manufacturing platform coordinating 150+ factories across 8 countries, providing design support, product development, fabric sourcing, technical expertise, and full production services with high-mix, low-volume flexibility.

Product overview

Lever Style operates as an end-to-end apparel manufacturing platform offering design, sourcing, and production services across all major apparel categories including denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, and intimates. The company manages a network of 150+ factories across 8 countries in Pan-Asia with high-mix low volume production capabilities. The platform is complemented by multiple acquired brands (Delta Industries for denim, Liwaco for technical outerwear, Vista Apparel for knitwear, Seamless Solutions for activewear, Champion System for sports/eSports, and Elegant for Bangladesh sourcing) and a sports sub-brand (LeverSport). Services include design support, product development, fabric sourcing, and technical expertise.

Differentiator

Problem solved

Functional benefit

Brands

  • LeverSport: Sports and activewear brand operated under Lever Style

Products and services

  • End-to-End Apparel Manufacturing Platform Asset-light clothing manufacturing platform coordinating 150+ factories across 8 Pan-Asian countries to produce full-wardrobe apparel for fashion brands, offering high-mix, low-volume flexibility, design support, product development, fabric sourcing, and technical expertise from production to delivery. For enterprise fashion brand clients.

Quantifiable outcome

  • Flexible production for both large and small orders with high-mix, low-volume capabilities
  • +1 more outcomes

Companies that use Lever Style

Customer profile

Named customers26 records

Segments4 records

Ideal customer profiles3 records

Lever Style technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Lever Style partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and flagship.

  • World Wildlife Fund (WWF)coreStrategic or Co-development Partner · 1 May 2009Lever Style partnered with WWF on an environmental sustainability pilot project. The company was also the first apparel company to partner with WWF on the Low Carbon Manufacturing Program, demonstrating early commitment to sustainability practices.
  • Sustainable Fashion Business ConsortiumcoreStrategic or Co-development PartnerLever Style co-founded the Sustainable Fashion Business Consortium in 2008, a group of like-minded Hong Kong-based apparel and textile companies committed to promoting sustainable practices in the fashion industry.
  • United Nations Framework Convention on Climate Change (UNFCCC)flagshipStrategic or Co-development PartnerLever Style is a signatory to the UNFCCC's Fashion for Global Climate Action initiative, demonstrating commitment to climate action and sustainable fashion industry transformation.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Lever Style competitors and assessment

Company assessment

Direct peers

  • Crystal International Group: HKEX-listed (2232.HK) multi-category apparel OEM/ODM producing for global premium and mass brands across denim, knitwear, woven and activewear. Closest direct comparable to Lever Style in business model, product breadth, customer overlap and Hong Kong-listed governance.
  • Eclat Textile Co. Taiwan-listed performance and athleisure knitwear manufacturer supplying Nike, Lululemon and Under Armour. Comparable as an Asian apparel OEM focused on premium and technical categories with vertically integrated fabric-to-garment capabilities.
  • Shenzhou International: HKEX-listed (2313.HK) large-scale knitwear and sportswear manufacturer supplying Nike, Adidas, Uniqlo and Puma. Comparable as a publicly listed Pan-Asian apparel contract manufacturer serving premium global brands with high-mix capabilities.
  • TAL Apparel: Hong Kong-headquartered apparel manufacturer producing shirts, bottoms and full garments for global premium brands. Comparable to Lever Style as a multi-country Asia-based contract manufacturer serving enterprise fashion customers, though privately held.
  • Makalot Industrial Co. Taiwan-listed apparel OEM/ODM producing for global brands across woven, knit, sportswear and intimate categories. Comparable as an Asian multi-category contract manufacturer with a similar mix of premium and mass-market brand customers.

Broad incumbents

  • Li & Fung Limited: HKEX-listed (0494.HK) global apparel and consumer goods sourcing and supply-chain manager. Comparable as a Hong Kong-headquartered apparel sourcing platform connecting brands to Asian production, but operating at broader scale across multiple consumer categories.
  • Texhong Textile Group: HKEX-listed (2678.HK) upstream textile manufacturer producing yarn, fabric and garments with Pan-Asian operations. Comparable as a Hong Kong-listed vertically integrated textile/apparel group, but positioned more upstream than Lever Style's cut-and-sew focus.

Regional players

  • Pou Sheng International: HKEX-listed (3813.HK) sports footwear and apparel manufacturer and retailer serving Nike, Adidas and Puma across Greater China. Comparable as an Asia-based apparel/footwear contract manufacturer with overlap in activewear category but different end-product focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Lever Style social profiles

Digital presence

Lever Style compliance and trust

Trust signal

Compliance10 records

Lever Style financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lever Style leadership team

Management profile

Number of profiles

Profiles2 records

Lever Style subsidiaries and ownership

Company hierarchy

Subsidiaries7 records

Lever Style funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lever Style M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lever Style

What does Lever Style do?

Lever Style is a Hong Kong-headquartered, publicly listed (HKEX: 1346.HK) end-to-end apparel manufacturer that produces clothing across all major categories (denim, knits, leather, outerwear, bottoms, shirts, soft wovens, suits, sweaters, intimates) for fashion brands. The company operates an asset-light Pan-Asian manufacturing platform coordinating 150+ factories across 8 countries, providing design support, product development, fabric sourcing, technical expertise, and full production services with high-mix, low-volume flexibility.

Is Lever Style a public or private company?

Lever Style is a public company. It is classified as public and is currently operating.

When was Lever Style founded?

Lever Style was founded in 2005. It employs 501 to 1,000 people.

Where is Lever Style based?

Lever Style is headquartered in Kowloon City, Hong Kong SAR China, in the Asia region.

How does Lever Style make money?

One revenue line is on record: apparel Manufacturing Services.

Who are Lever Style's main competitors?

Direct peers on record are Crystal International Group, Eclat Textile Co., Shenzhou International, TAL Apparel and Makalot Industrial Co.. Broad incumbents are Li & Fung Limited and Texhong Textile Group. Pou Sheng International is listed as a regional player.

Does Lever Style have an API?

No public API is recorded for Lever Style.

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Live signals
B2B MarketplaceONDO buys Champion System: Can Lever Style retain apparel orders?Lever Style sold custom performance-apparel brand Champion System to New York-based ONDO, remaining its manufacturing and supply-chain partner. The deal's duration, economics, and future order volumes were not disclosed. Champion System will continue as a distinct ONDO brand.Laotian TimesLever Style Announces the Sale of Champion System to ONDOLever Style announced the sale of Champion System, its custom performance apparel brand, to ONDO, a New York-based performance accessories company. Champion System becomes ONDO's second brand, and Lever Style will continue as the supply chain partner for both brands.InfoStride NewsLever Style Announces the Sale of Champion System to ONDOLever Style announced the sale of Champion System to ONDO, a New York-based performance accessories company. Champion System becomes ONDO's second brand, with Lever Style continuing as the supply chain partner for both. ONDO has built a fast-growing brand with patented product technology and a loyal community.Media-outreachLever Style Announces the Sale of Champion System to ONDOLever Style announced the sale of Champion System to ONDO, a New York-based performance accessories company. Champion System becomes ONDO's second brand, with Lever Style continuing as their supply chain partner. Lever Style supports production for nearly 200 brands across 150 factories.CNBCLever Style: U.S. premium sector 'surprisingly resilient'Lever Style Executive Chairman Stanley Szeto stated that the premium U.S. consumer sector remains unexpectedly robust, driven by a positive wealth effect from record equity markets. Despite this resilience, Szeto indicated the company is maintaining a defensive stance due to concerns about a 'frothy' economy and unpredictable future tariff policies. The comments were made in a video interview segment on CNBC.Media-outreachLever Style Reports 2026 Interim Financial ResultsLever Style Corporation reported H1 2026 revenue of US$113.2 million, a 23.8% increase year-on-year, driven by the January 2026 acquisition of Active Apparel Group which has been successfully integrated into the group's platform. Net profit grew 1.8% to US$5.4 million, though the modest margin expansion reflects one-off integration costs including temporary staff duplication during the merger of workflows and systems. The company also deployed its proprietary Product Lifecycle Management system and customized AI solutions as part of its ongoing transformation into a tech-enabled apparel platform, positioning itself to target operating leverage and further acquisitions.ZawyaLever Style Reports 2026 Interim Financial ResultsLever Style reported H1 2026 revenue of $113.2 million, up 23.8% year-over-year, and net profit of $5.4 million, up 1.8%. The growth was driven by the integration of the AAG activewear business, with one-off integration costs affecting the bottom line. The company expects AAG to contribute to the bottom line in H2 2026.Just StyleLever Style says ‘asset-light’ model was saving grace amid tariff turmoilHong Kong-based garment maker Lever Style reported full-year 2025 revenues fell 10.2% to $200 million due to elevated US tariffs and the deliberate reduction of business with two major clients over credit concerns, yet the company achieved a record-high net profit margin through tight cost controls and its asset-light operating model. CEO Stanley Szeto warned of meaningful recession risk in the US, citing the growing trend of retail bankruptcies—including Saks Global's January 2026 filing—whose knock-on effects are causing brands to write off receivables and deteriorating their credit standing. The company completed the acquisition of Active Apparel Group in late 2025 and is exploring further M&A opportunities, positioning itself to return to growth in 2026 despite the challenging tariff environment.YahooWhy Lever Style’s Chairman is ‘Cautiously Optimistic’ About 2026Lever Style, an original design manufacturer producing apparel for brands like AllSaints and Skims, reported a 10.2 percent decline in 2025 revenues to $200.2 million and a 7.4 percent drop in net profits to $15.9 million, as chairman Stanley Szeto described the year as the most challenging since Covid due to tariff disruptions. The company strategically reduced exposure to two high-risk clients—including bankrupt brand Bonobos—contributing to a combined $27.2 million revenue decrease, while achieving a record 7.9 percent net margin through cost controls and digitalization. Looking ahead, Lever Style remains cautiously optimistic for 2026, citing its asset-light model and the recent acquisition of Active Apparel Group as drivers for growth in the activewear segment.