Apparel retailer Guess surges after WHP Global's take-private offer

Guess?

17/03/2025 14:07

** Shares of apparel retailer Guess GES.N rise nearly 27% to $12.35 in early trading

** WHP Global, which owns Toys "R" Us and fashion labels such as Anne Klein and Vera Wang, has proposed to acquire Guess for $13 per share in cash - GES

** Offer price represents a 34% premium to stock's close on Friday

** The brand management firm has offered to buy all outstanding shares of Guess, except those owned by its co-founders Paul Marciano and Maurice Marciano, and CEO Carlos Alberini

** GES has formed a special committee to evaluate the proposal

** There is no guarantee that any definitive offer will be made, that any agreement will be executed or the proposed transaction in the proposal or any other transaction will be approved or completed - GES

** Guess shares stock down 9.6% YTD, including session moves; they fell nearly 34% in 2024

 (Reporting by Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))