US’ Guess completes acquisition of rag & bone, expands credit facility

Guess and WHP Global have successfully acquired rag & bone, an iconic NYC fashion brand.
Guess contributed $57.1 million, securing joint ownership of intellectual property with WHP.
This acquisition marks a strategic move, further solidifying Guess’ position in the fashion industry.
Guess strengthened its funding by raising its credit facility to $200 million.Guess and WHP Global have successfully acquired rag & bone, an iconic NYC fashion brand.
Guess contributed $57.1 million, securing joint ownership of intellectual property with WHP.
This acquisition marks a strategic move, further solidifying Guess’ position in the fashion industry.
Guess strengthened its funding by raising its credit facility to $200 million.