All Brands Owned by L.L.Bean, Inc.

Who owns L.L.Bean, Inc.?
L.L.Bean is owned by descendants of founder Leon Leonwood Bean. The company has remained in family hands since 1912, with ownership spread among more than a dozen family stakeholders. It has never been publicly traded or taken private equity investment.

Is L.L.Bean a public company?
No. L.L.Bean is a private, family-owned corporation headquartered in Freeport, Maine. It does not have a stock ticker and does not file public financial reports, though it announces annual sales and employee bonus figures.

How much revenue does L.L.Bean generate?
The company reported approximately $1.7 billion in sales in 2025, essentially unchanged from 2023 and 2024. Sales peaked at $1.8 billion in 2021 and 2022. The Vision 2030 plan targets $2 billion in annual revenue.

Who is the CEO of L.L.Bean?
Greg Elder became president and CEO in 2026, succeeding Stephen Smith. Elder spent about 20 years at the company, primarily running its retail division, before taking the top job.

Where are L.L.Bean products manufactured?
L.L.Bean manufactures Bean Boots in Maine factories in Brunswick and Lewiston, and produces other select items domestically, including many tote bags. The majority of its apparel and hard goods are produced by suppliers in Asia, primarily Vietnam, China and Bangladesh.

How many stores does L.L.Bean operate?
As of 2026, L.L.Bean operates 76 stores across 22 U.S. states, plus approximately 18 locations in Japan and a growing network in Canada through local partners. The company plans to reach 100 U.S. stores by 2030.