Guess news and archive

WHP Global plans acquisition of Guess

The US fashion company Guess Inc. could soon have a new majority owner. On Monday, the apparel retailer announced it had received a non-binding acquisition proposal from the US brand management firm WHP Global LLC. The prospective buyer, whose portfolio already includes brands like Vera Wang, G-Star, and Lotto, is offering 13.00 dollars (11.90...

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Guess and WHP strike licensing deal for Rag & Bone accessories

Guess and WHP Global, the joint owners of Rag & Bone, have partnered with Signal Brands on a five-year licensing deal for the New York label’s accessory line. The agreement intends to develop and further expand Rag & Bone’s handbags and small leather goods category. It further underlines the brand’s commitment to global expansion, a press...

Retail

Guess CEO: 'Germany is a key market for us'

US fashion group Guess Inc. plans to continue its growth in Germany and expand its retail network. Guess announced on Wednesday that by March, the number of stores, currently at over 20, will be increased by 11 additional locations. Openings are planned for "major German cities." These include new flagships in Düsseldorf and Hamburg, as well as...

Fairs

Trend: Guess Jeans and Kaporal usher in the revival of jeans at Who's Next

The January 2025 edition of the Parisian ready-to-wear show Who's Next, which has just closed its doors, has highlighted a new trend for autumn/winter 2025/2026, or rather the revival of an iconic item of women's, men's and unisex wardrobes: denim clothing, ushered in by specialists in the category like Guess Jeans, Kaporal, Wranger and Lee....

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Guess partners with Tata CLiQ to launch Guess Jeans in India

American apparel company Guess Inc. has entered into a strategic long-term partnership with Tata Group’s ecommerce platform, Tata CLiQ, to launch Guess Jeans in India. Through this new partnership Guess Inc., which currently operates its Guess brand in India through its subsidiary Guess India Pvt Ltd, is set to expand the retail presence of...

Fashion|In Pictures Member

Guess showcases ski collection with a high-altitude fashion show

Fashion and lifestyle brand Guess unveiled its winter ski capsule collection with a high-altitude fashion show at the recently relaunched Glacier 3000, a ski resort destination in Switzerland. The show saw more than 20 models showcasing the Guess skiwear collection while walking along the iconic Peak Walk, the only suspension bridge in the world...

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Guess reports Q3 loss, forecasts earnings below analysts' estimate

For the third quarter, Guess recorded a GAAP net loss of 23.4 million dollars and GAAP diluted net loss per share of 47 cents. Adjusted net earnings were 17.7 million dollars, down 35 percent, while adjusted diluted EPS decreased 31 percent to 34 cents. Net revenue for the quarter increased 13 percent to 738.5 million dollars. In constant...

Fashion

Guess launches online clothing recycling programme

Fashion brand Guess has launched a new online clothing recycling programme for customers in the US in partnership with SuperCircle, the textile recycling platform powering consumer trade-in for brands and retailers. The ‘Guess Again’ initiative has been designed to complement the brand’s in-store customer recycling programme in the US and Canada...

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Guess earnings decline, adjusts outlook to reflect 'softer consumer environment'

For the second quarter, Guess recorded a GAAP net loss of 10.6 million dollars and GAAP diluted net loss per share of 28 cents, while adjusted net earnings were 23 million dollars, a 42 percent decrease from 39.7 million dollars and adjusted diluted EPS decreased 42 percent to 42 cents. Total net revenue for the quarter increased 10 percent or...

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Guess CFO steps down, Dennis Secor takes over on interim basis

Guess has appointed Dennis Secor as interim chief financial officer, effective August 26, 2024. Secor, the company said in a release, is a proven finance leader with deep knowledge of the apparel industry. He has previously served as Guess CFO from 2006 to 2012 and as interim CFO from April 2022-July 2023. Secor will succeed Markus Neubrand, who...

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Guess Q1 revenues beat expectations, but losses widen

American brand Guess has reported its financials for the first quarter of fiscal year 2025, during which its revenues and earning per share “exceeded” expectations, according to CEO Carlos Alberini. In a release, Alberini said the strong results in these areas were driven by a “remarkable performance” in the Licensing and Americas wholesale...

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Guess appoints Andrew Rosen as executive chair of Rag & Bone

Guess has announced the appointment of Andrew Rosen as executive chair of the Rag & Bone brand. Guess and global brand management firm WHP Global recently completed the acquisition of New York-based Rag & Bone, which operates as an independent brand within the Guess portfolio. While Guess owns the brand's operating assets, it jointly owns the...