Authentic Brands Group and Guess?, Inc have completed a deal to take Guess? private.
Authentic now owns 51 per cent of Guess? intellectual property, with existing shareholders holding 49 per cent.
Guess? becomes Authentic’s second-largest brand, with $6 billion in global retail-equivalent sales, while current management retains full control of operations.Authentic Brands Group and Guess?, Inc have completed a deal to take Guess? private.
Authentic now owns 51 per cent of Guess? intellectual property, with existing shareholders holding 49 per cent.
Guess? becomes Authentic’s second-largest brand, with $6 billion in global retail-equivalent sales, while current management retains full control of operations.
