Rag&Bone news and archive

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...

BusinessFeatured

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...

Retail

Rag & Bone plans stores in Germany

US brand Rag & Bone wants to continue to grow in Europe and is now also planning its own stores in Germany. The brand, which exhibited for the first time at the Pitti Uomo menswear trade fair this week, told FashionUnited that one more shop is set to open this year. This will then be followed by three more German locations next year. Exact...

People

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...

Business

Guess? and WHP Global closes acqcuisition of Rag & Bone

Guess?, Inc. (GES) and global brand management firm WHP Global announced Wednesday that they have completed the previously announced acquisition of New York based fashion brand rag & bone. Under the terms of the transaction, Guess? has contributed 57.1 million dollars towards the purchase of rag & bone, in addition to contributions from WHP...

BusinessFeatured

Guess and WHP team up to acquire Rag & Bone

American label Guess and brand management firm WHP Global have come together on a definitive agreement to acquire New York fashion brand Rag & Bone. As part of the agreement, Guess, which will contribute 56.5 million dollars, will acquire the Rag & Bone operating assets, while both Guess and WHP will jointly and equally own the brand’s...

People

Rag & Bone appoints new head of menswear

New York-based Rag & Bone has appointed German-born Robert Geller as its new head of menswear design. Geller, who has worked at brands including Marc Jacobs and Cloak, has been with Rag & Bone since September 2023. He will present his debut collection for the brand for autumn/winter 2024 by appointment during men’s market in New York and Paris....

Fashion|In Pictures Featured

Laura Ashley launches menswear collaboration with Rag & Bone

British brand Laura Ashley, known for its romantic florals, has unveiled an exclusive capsule menswear collection with American fashion label Rag & Bone for autumn/winter 2023 to engage new audiences. The 10-piece menswear capsule combines the classic British tailoring and American workwear aesthetic of Rag & Bone with the nostalgic opulence of...

Fashion

Marcus Wainwright, Rag & Bone co-founder, steps down from CBO role

Rag & Bone co-founder Marcus Wainwright announced his departure from the chief brand officer role in an Instagram statement yesterday. Founded in 2003, the New York City-based denim brand gained widespread notoriety for its stripped-down approach to mens’ and womenswear. This shift in position marks the first time the brand will be operating...