ABG Acquiring Guess? for $1.4 Billion
Authentic Brands Group inked an agreement to acquire a majority stake in Guess, taking the designer apparel brand private, in a deal valued at $1.4 billion, including debt. Authentic will own a 51% stake in the newly formed entity that will own and license substantially all of Guess’ IP and assume the vast majority of its product licensing agreements, while Guess co-founders Maurice and Paul Marciano, Nicolai Marciano, and CEO Carlos Alberini retain the ... Log in to view full article.
