GUESS is a global lifestyle brand renowned for its trendy and innovative fashion apparel, accessories, and footwear for men, women, and children. The company designs and markets a diverse range of products, including denim, casual wear, and formal attire, appealing to a youthful and fashion-forward audience. In addition to its core clothing lines, GUESS also offers handbags, watches, and other accessories, often characterized by its distinctive logo and iconic designs. With a presence in numerous countries, GUESS aims to provide stylish and quality products that resonate with consumers, reinforcing its position in the competitive fashion industry. Read More
Tariffs being slapped onto the U.S.’s trading partners all on the same day has only increased the levels of uncertainty for market participants. The end result was one of the single-worst trading days in recent memory.
Contemporary clothing brand Guess (NYSE:GES) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 4.6% year on year to $932.3 million. Guidance for next quarter’s revenue was better than expected at $631.3 million at the midpoint, 0.8% above analysts’ estimates. Its non-GAAP profit of $1.48 per share was 7.6% above analysts’ consensus estimates.
Guess?, Inc. (NYSE: GES) today announced that Alberto Toni, currently Group Managing Director and Chief Financial Officer of Flos B&B Italia Group S.p.A., has been appointed Chief Financial Officer of Guess?, effective following the filing of the Company’s next Quarterly Report, which is expected to be filed by mid-June. Mr. Toni will succeed Interim Chief Financial Officer Dennis Secor, who will remain with the Company as Executive Vice President through September 12, 2025 to support a smooth transition. Mr. Toni will be based in Lugano, Switzerland, and will lead Guess?’s finance team globally.
Guess?, Inc. (NYSE: GES) (“Guess?” or the “Company”) today announced that the Special Committee (the “Special Committee”) of the Board of Directors (the “Board”), formed to review and evaluate the previously announced non-binding proposal from WHP Global through its affiliate WHP Investments, LLC, to acquire for $13.00 per share in cash the outstanding shares of Guess?, other than shares held by certain existing shareholders, including Paul Marciano, Maurice Marciano and Carlos Alberini, has retained Solomon Partners as its financial advisor and Willkie Farr & Gallagher LLP as its legal advisor.
The Ademi Firm is investigating the proposed acquisition of Guess? (NYSE: GES) by WHP Global to determine if the interests of public shareholders are being protected.
Guess?, Inc. (NYSE: GES) will release its financial results for the fourth quarter and fiscal year 2025, which ended February 1, 2025, on Thursday, April 3, 2025. The Company will webcast a conference call at 4:45 p.m. (ET) that day to discuss the results.
Shares of contemporary clothing brand Guess (NYSE:GES)
jumped 28.7% in the morning session after the company announced it received a $13.00 cash acquisition offer from WHP Global. The deal would cover all outstanding shares other than those held by some existing shareholders like Paul Marciano, Maurice Marciano, and Carlos Alberini, planned to roll their stakes into the deal.
The company added that it formed a special committee to review the offer but noted that there is no guarantee that the proposed offer will be approved or completed.
U.S. retail sales miss expectations in Feb, raising concerns about consumer strength. However, some areas show resilience & economy not near recession.
Shares of Guess? are rising in premarket trading after the company received a non-binding acquisition proposal from WHP Global. Guess? has formed a Special Committee to evaluate the offer with financial and legal advisors.
Guess?, Inc. (NYSE: GES) (“Guess?” or the “Company”) today announced that its Board of Directors (the “Board”) has received a non-binding proposal from WHP Global through its affiliate WHP Investments, LLC, to acquire for $13.00 per share in cash the outstanding shares of Guess?, Inc., other than shares held by certain existing shareholders, including Paul Marciano, Maurice Marciano and Carlos Alberini (collectively, the “Proposed Rollover Shareholders”). The proposal contemplates that the proposed transaction would be financed through a combination of equity and third-party debt financing, as well as rollover or reinvestment by each of the Proposed Rollover Shareholders, and assumes that the Company will operate in the ordinary course of business and that there will be no material change to the strategic and operational position of the Company.
Guess?, Inc. and its partner global brand management firm WHP Global, which jointly owns the New York-based fashion brand rag & bone, announce a five-year licensee partnership with Signal Brands – a longtime GUESS licensee partner, to develop and further expand rag & bone’s handbags and small leather goods category.
Most consumer discretionary businesses succeed or fail based on the broader economy. This sensitive demand profile can lead to some stock price volatility, but over the past six months,
the industry has stayed on track as its 6.2% return was close to the S&P 500’s.
