Guess surges on $1.4 billion take-private deal

Guess?

20/08/2025 14:09

** Shares of apparel retailer Guess GES.N up 25.5% at $16.74 premarket

** Guess agrees to be taken private in a deal valued at $1.4 billion

** Co-founders Maurice Marciano and Paul Marciano and CEO Carlos Alberini have partnered with Reebok owner Authentic Brands, which will acquire 51% stake of all Guess's intellectual property post deal

** Guess shareholders will receive $16.75 per share in cash, representing a 26% premium to Tuesday's close, and the deal is expected to close in Q4 of fiscal 2026, subject to regulatory approvals

** Up to last close, stock has fallen ~5% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))