EXHIBIT 12.1

Levi Strauss & Co. and Subsidiaries
Statements re: Computation of Ratio of Earnings to Fixed Charges

	Three Months Ended						Year Ended
	February 28,			March 1,			November 29,			November 30,			November 25,			November 26,			November 27,
	2010			2009			2009			2008			2007			2006			2005
							(Dollars in thousands)
Earnings:
Income before income taxes	$	85,541		$	74,339		$	189,925		$	369,266		$	376,535		$	346,880		$	285,757
Add: Fixed charges		48,242			45,757			199,358			197,385			253,606			281,758			289,518
Add: Amortization of capitalized interest		77			77			309			264			65			60			—
Subtract: Capitalized interest		25			—			39			568			1,051			524			—
Total earnings	$	133,835		$	120,173		$	389,553		$	566,347		$	629,155		$	628,174		$	575,275
Fixed Charges:
Interest expense (includes amortization of debt discount and costs)	$	34,173		$	34,690		$	148,718		$	154,086		$	215,715		$	250,637		$	263,650
Capitalized interest		25			—			39			568			1,051			524			—
Interest factor in rental expense (1)		14,044			11,067			50,601			42,731			36,840			30,597			25,868
Total fixed charges	$	48,242		$	45,757		$	199,358		$	197,385		$	253,606		$	281,758		$	289,518
Ratio of earnings to fixed charges		2.8	x		2.6	x		2.0	x		2.9	x		2.5	x		2.2	x		2.0

(1) Utilized an assumed interest factor of 33% in rental expense.