As previously announced, Guess? and global brand management firm WHP Global recently completed the acquisition of New York-based fashion brand Rag & Bone, which operates as an independent brand within Guess? briefcase. Guess? owns all of the operating assets of Rag & Bone, and Guess? and WHP Global jointly own the intellectual property of Rag & Bone.
In his role as Executive Chairman, Andrew Rosen will continue to bring a wealth of experience and expertise to the brand, providing strategic direction and oversight to Rag & Bone's executive team, to advance the company's mission. In this work, Andrew will collaborate closely with Paul Marciano and Carlos Alberini, as well as Yehuda Shmidman, President and Global CEO of WHP. With Andrew's unparalleled industry knowledge and proven leadership skills, he will play a pivotal role in shaping Rag & Bone's future.
Guess, Inc has named Andrew Rosen CEO of rag & bone, following its acquisition with WHP Global. Rosen, a fashion industry veteran, will collaborate with Guess and WHP Global executives to drive the brand's growth and expand its global reach. His extensive experience is expected to play a crucial role in the strategic development.
As a visionary American fashion leader, Andrew follows in his father and grandfather's footsteps in the industry with over four decades of experience driving innovation and growth in both emerging and established fashion brands. After an early career at Calvin Klein, he co-founded Theory in 1997 and oversaw the company's growth as CEO for more than 20 years. Today he remains an active investor and mentor in many leading American fashion brands, some of which include Alice + Olivia, Veronica Beard and TWP, which successfully launched three years ago.
Pablo Marciano, guess? Co-founder and creative director, said: “It's an exciting time for both Guess? and rag & bone as we embark on the next chapter of growth, and I believe Andrew is the ideal person to continue leading and representing the rag & bone brand on this journey. I couldn't be more excited to work with Andrew on this great opportunity together. As we look to the future, our goal is to deliver the high-quality, authentic Rag & Bone collections that customers know and love, while expanding their reach to even more people around the world.”
Carlos Alberini, can you guess? Executive Director, commented: “Andrew knows our business and industry exceptionally well and, as a true fashion visionary and pioneer, has paved the way for many other founders, designers and entrepreneurs to succeed and grow in today's evolving and increasingly digital. Paul and I are delighted that Andrew has joined us as a shareholder in Guess?. I'm delighted that Andrew is part of Guess? family and we look forward to a strong partnership on the way forward as we focus on generating value for our stakeholders.”
Andrew Rosen, CEO of Rag and Bone, said: “I have been involved with Rag & Bone since 2006. I have always been passionate about our brand and the opportunities ahead of us. This new relationship now cements that ambition by providing us with an incredible platform to realize our potential globally. Our executive team and I are excited to embark on this journey with Paul, Carlos and all of Guess? organization, as well as with Yehuda and WHP Global. The passion and opportunities they bring to this acquisition are exciting for everyone involved. I'm sure that as part of Guess? portfolio, rag & bone is well positioned to build on our success, offer even greater collections to our customers and provide our team members with new opportunities in the years to come.”
Note: The content of this press release has not been edited by Fibre2Fashion staff.
Fiber2Fashion News Desk (RM)
