Guess to the US brand. Receive an acquisition offer from Global Whp

Guess?, Inc. (NYSE: GES) (“GUAS?” OR THE “COMPANY”) ANNOUNDED THAT ITS BOARD OF DIRECTORS (THE “BOARD”) YOU HAVE I PRIVED NON-BINDING PROPOSAL FROM WHP Shares of Guess?, Inc., other than Shares Held By Certain Existing Shareholders, Including Paul Marciano, Maurice Marciano and Carlos Alberini (collectively, the “proposed shareholders”). The proposal contemplates that the proposed transaction would be financed through a combination of capital and debt financing of third parties, as well as reinvestment or reinvestment for each of the proposed shareholders, and assumes that the company will operate in the ordinary course of business and that there will be no material changes in the strategic and operational position of the company.

Guess? He has formed a special committee of independent and selfless directors of the Board (the “Special Committee”) to evaluate the proposal, with the help of external financial and legal advisors, to determine the course of action that is the best thing to guess? and his shareholders.

Guess? The agreement would be financed through the profitability, debt and reinvestment of shareholders. A special committee is reviewing the offer with advisors. There is no guarantee of an agreement, and guess? It will not comment more until the review is completed.

There is no guarantee that any definitive offer be made, which will be executed or any agreement or that the transaction proposed in the proposal or any other transaction will be approved or completed. Guess? It does not intend to comment more on this matter until the special committee has completed its evaluation of the proposal or until a greater dissemination is considered appropriate. Guess? Shareholders do not need to take any measure at this time.

In April 2024, the company associated with Global Whp to acquire intellectual property and operational assets of the fashion brand based in New York Rag & Bone, leader in the American fashion scene, with the company directly operating the Rag & Bone stores in the US of the global community.

Note: The holder, the ideas and the image of this press release may have been refined by Fiber2Fashion staff; The rest of the content remains unchanged.

Fiber2Fashion News Desk (RM)


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