Guess surges on $1.4 billion take-private deal

Guess?

20/08/2025 15:18

Updates

** Shares of apparel retailer Guess GES.N surge as much as 26.3% to a more than eight-month high of $16.85

** Guess to be taken private by a group, including its co-founders, CEO and Reebok-owner Authentic Brands, in a deal that values the company at $1.4 billion, including debt

** 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' intellectual property; Guess' existing shareholders will own the rest

** Guess shareholders will receive $16.75 per share in cash, representing a 26% premium to Tuesday's close

** Deal is expected to close in Q4 of fiscal 2026, subject to regulatory approvals

** Including session moves, Guess shares up 19.2% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

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