Guess news and archive

Guess? revenues rise as it prepares for go-private deal

Guess?, Inc. has announced a 6 percent increase in revenue to 772.9 million dollars for its second quarter of fiscal year 2026, up from 732.6 million dollars in the same period last year. The revenue rise, driven by strong performance in Europe and North America, comes as the company moves towards a proposed take-private transaction. The Los...

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Authentic Brands Group to acquire intellectual property rights of Guess

The US fashion and media group Authentic Brands Group LLC has acquired another prominent fashion brand. On Wednesday, the company announced it had signed a binding agreement to assume control of Guess’s intellectual property rights. The acquisition is "another important milestone" for Authentic, the group stated. With global annual brand...

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In Pictures: Guess Jeans opens first Asian flagship store in Tokyo

Guess Jeans has opened its first Asian flagship store in the fashion-centric neighbourhood of Harajuku, Tokyo. The opening of the four-storey location comes as part of wider expansion plans in Japan, currently being led by director of new business, Nicolai Marciano. To celebrate this next phase of global expansion, a series of local events...

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Guess Q1: Rag & Bone acquisition boosts revenue, net loss widens

Guess financial results for the first quarter ended May 3, 2025, revealed a complex picture of growth driven by strategic acquisitions and wholesale momentum, set against a backdrop of increased losses. Despite a GAAP net loss for the quarter, the company's revenue surpassed expectations, primarily attributed to the successful integration of the...

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Marcolin and Guess extend licensing agreement to 2040

Italian eyewear manufacturer Marcolin and US fashion company Guess?, Inc. renewed their exclusive licensing agreement for the design, production and worldwide distribution of Guess and Marciano branded sunglasses and eyeglasses. The partnership, originally set to run until 2030, was extended for a further ten years to 2040. "We are delighted...

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Rag & Bone expands with eyewear in collaboration with Marcolin

New York fashion label Rag & Bone is entering into an exclusive four-year licensing agreement with eyewear manufacturer Marcolin for an eyewear line. Guess and WHP Global, the brand’s parent companies, announced this in a press release. According to the press release, the Rag & Bone eyewear line captures the energy of city life with striking...

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Is Authentic mulling a Guess takeover bid?

Media speculation over Authentic Brands Group potentially launching a bid for Guess Inc. began circulating yesterday, helping to boost shares for the US clothing brand and sparking a possible bidding war. Following Bloomberg’s report on the potential of a rival bid by Authentic, Guess shares were up 17 percent in afternoon trading on Thursday,...

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Rag & Bone to expand into watches under new Sequel licensing deal

Rag & Bone is set to explore a new division. As part of a new five-year licensing deal with Sequel, the New York brand will be developing a line of premium watches under the watchful eye of its parent companies, Guess and WHP Global. Sequel, a subsidiary of Timex Group, has already been a long-term licensee partner to Guess, working with the...

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Guess appoints legal advisors as it mulls WHP takeover bid

US premium brand Guess has confirmed that it has appointed financial and legal advisors to aid its Special Committee assigned to evaluate a non-binding takeover proposal received from an affiliate of WHP Global. Guess said the advisors were called in to determine what is in the best interest of the company and its shareholders, as WHP...

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Guess Q4 revenues grow despite challenges, names new CFO

Guess financial results for the fourth quarter of fiscal year 2025, reveal “a mix of growth and challenges”, alongside the strategic appointment of Alberto Toni as its new chief financial officer. Apparel retailer's net revenue for the quarter reached 932.25 million dollars, representing 5 percent, while in constant currency, net revenue...

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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...