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...
22 May 2025
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,...
25 Apr 2025
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...
11 Apr 2025
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...
7 Apr 2025
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...
4 Apr 2025
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...
17 Mar 2025
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...
14 Mar 2025
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...
6 Feb 2025
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....
23 Jan 2025
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...
14 Jan 2025
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...
11 Dec 2024
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...
27 Nov 2024