Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, February 23, 2024

Article Excerpt

GUESS? INC., $24.91, symbol GES on New York, is a Los Angeles-based clothing company for women’s, men’s, and children’s products. It also licenses the Guess name to other companies for eyewear, watches, jewellery, and other categories outside its core business. As of October 28, 2023, the company operated 1,015 of its own stores in Europe, the Americas, and Asia. It also has 544 stores operated by its distributor partners. Its products are available in more than 100 countries. On February 16, 2024, Guess announced that it has bought New York-based fashion brand Rag & Bone. It bought the firm in conjunction with brand management firm WHP Global. Guess will acquire all of Rag & Bone’s operating assets, while the two partners will jointly own the intellectual property. Guess and the joint venture will enter into a licensing agreement that gives Guess the right to use Rag & Bone’s intellectual property to make products worldwide and sell licensed products in specified territories in exchange…