Guess?, Inc. (GES) has signed a definitive agreement for certain existing shareholders, including Maurice Marciano, Paul Marciano, Nicolai Marciano, and Carlos Alberini and certain of their respective trusts, foundations and affiliates, to enter into a strategic partnership with Authentic Brands Group, under which, in connection with the take-private transaction, Authentic will acquire 51% of substantially all Guess? intellectual property after which all of the outstanding common stock of Guess? not already beneficially owned by the rolling stockholders will be acquired in an all-cash transaction that values Guess? at approximately $1.4 billion, including debt. The rolling Stockholders will own 49% of all intellectual property.
Guess? shareholders, other than the rolling stockholders, will receive $16.75 per share in cash. Upon completion, Guess?'s common stock will no longer be listed on any public market.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.