Guess? (GES) and Authentic Brands said Friday they have completed a transaction to take Guess? private.
Under the deal, Authentic Brands now owns 51% of all Guess? intellectual property, while the remaining 49% is held by Maurice Marciano, Paul Marciano, Nicolai Marciano, Chief Executive Carlos Alberini and other shareholders, the companies said.
The current Guess? management owns 100% of the operating company and will continue to run the business, according to the companies.
Price: 16.81, Change: -0.05, Percent Change: -0.30
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments