Guess? Receives Going-Private Proposal from WHP Global

Retail
Written By Rick Watson

GUESS is an American fashion brand, known for its denim, apparel, and accessories, founded in 1981 by the Marciano brothers, and now a global lifestyle brand.

WHP Global is a brand management firm that specializes in the acquisition, management, and licensing of consumer brands.

Fashion brand, Guess? has announced that it has received a non-binding offer from brand management fund WHP Global via its WHP Investments fund to acquire 51 million outstanding Geuss shares at $13 per share, which would value the company at $751.5 million. In April 2024, interestingly, WHP's offer excludes shares owned by Guess? co-founders and its current CEO.

WHP Global and Guess? partnered to acquire Rag & Bone. Guess? has formed a committee that will work with legal and financial advisors to determine whether the offer is in the best interest of Guess? shareholders. Whether this leads to an agreement or a definitive offer is not guaranteed.

The Spin-Off: Guess?, Inc. receives going-private proposal from WHP Global

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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