Guess - GES STOCK NEWS

Guess Inc and WHP Global have announced a five-year licensee partnership with Sequel, a division of Timex Group, to develop premium watches for the fashion brand rag & bone. The partnership leverages Sequel's long-standing relationship with GUESS Watches since 1984.

The inaugural watch collection is set to launch in Fall 2025 and will be distributed through premium department stores, specialty stores, and rag & bone boutiques worldwide. This collaboration extends from GUESS and WHP Global's joint ownership of rag & bone, a New York-based fashion brand established in 2002, known for its understated aesthetic and quality clothing.

Guess? (NYSE: GES) has appointed Alberto Toni as its new Chief Financial Officer. Toni, who currently serves as Group Managing Director and CFO of Flos B&B Italia Group S.p.A., will assume the role following the company's next Quarterly Report filing expected by mid-June.

The new CFO brings over 30 years of global financial and operational experience in design, retail, and consumer-focused companies. Toni will be based in Lugano, Switzerland, and will lead Guess?'s global finance team. He succeeds Interim CFO Dennis Secor, who will continue as Executive Vice President through September 12, 2025, to ensure a smooth transition.

Guess? Inc (GES) reported Q4 fiscal 2025 results with revenues reaching $932 million, up 5% in USD and 9% in constant currency. The company delivered an operating margin of 11.1% and adjusted operating margin of 11.4%. Q4 GAAP EPS was $1.16, while adjusted EPS reached $1.48.

For full fiscal year 2025, revenues increased to $3.0 billion, up 8% in USD and 10% in constant currency, with operating margin at 5.8% and adjusted operating margin at 6.0%. The company completed its first-ever acquisition with rag & bone.

Looking ahead to fiscal 2026, GES expects revenue growth between 3.9% and 6.2% in USD, with GAAP operating margins between 4.3% and 5.2%. The company plans to optimize its business portfolio, potentially unlocking $30 million in operating profit by fiscal 2027, including streamlining North American operations and transitioning Greater China operations to a local partner.

Guess? (NYSE: GES) has announced that its Special Committee of the Board of Directors has appointed financial and legal advisors to evaluate the previously announced non-binding proposal from WHP Global. The proposal involves acquiring outstanding Guess? shares at $13.00 per share in cash, excluding shares held by Paul Marciano, Maurice Marciano, and Carlos Alberini.

The Special Committee has retained Solomon Partners as financial advisor and Willkie Farr & Gallagher LLP as legal advisor. The committee is currently evaluating the proposal but has not made any determinations regarding the transaction. No shareholder action is required at this time, and there is no guarantee that a definitive offer will be made or that any transaction will be completed.

GUESS JEANS has announced a strategic creative partnership with renowned Japanese artist VERDY, marking a significant expansion of their global presence. The collaboration, led by Chief New Business Development Officer Nicolai Marciano, builds upon successful activations in Paris and Osaka since 2023.

The partnership announcement comes amid GUESS JEANS' international growth, following the brand's launch in 2024, which included opening flagship stores in Amsterdam and Berlin, and expanding into India through Tata Unistore. VERDY, known for creating iconic projects like 'Girls Don't Cry' and 'Wasted Youth,' brings extensive experience from collaborations with global brands including Nike, Kenzo, and McDonald's.

This alliance precedes the upcoming opening of GUESS JEANS flagship stores in Tokyo and Los Angeles, strategically positioning the brand for its next phase of expansion in Japan.

Guess? Inc. (NYSE: GES) announced it will release its Q4 and fiscal year 2025 financial results on Thursday, April 3, 2025, followed by a conference call at 4:45 p.m. ET. The webcast will be available on www.guess.com under 'Investor Relations' with a 30-day replay period.

A significant recent development includes the company's acquisition of rag & bone on April 2, 2024, where Guess? acquired all operating assets and a 50% stake in the intellectual property of this New York-based fashion brand. As of November 2, 2024, Guess? directly operated 1,057 retail stores across Europe, the Americas, and Asia, while partners and distributors operated an additional 541 stores. The company's total global presence spans approximately 100 countries.

Guess? (NYSE: GES) has received a non-binding proposal from WHP Global through WHP Investments, to acquire the company's outstanding shares at $13.00 per share in cash, excluding shares held by Paul Marciano, Maurice Marciano, and Carlos Alberini. The proposed transaction would be financed through equity, third-party debt, and rollover investments from existing shareholders.

The company has formed a Special Committee of independent directors to evaluate the proposal and determine the best course of action for Guess? and its shareholders. There is no guarantee of a definitive offer or transaction completion.

This announcement follows the April 2024 partnership between Guess? and WHP Global to acquire rag & bone, with Guess? operating the brand's stores in the U.S. and U.K.

GUESS and WHP Global have announced a five-year licensee partnership between rag & bone and Signal Brands to expand the fashion brand's handbags and small leather goods category. Signal Brands, a longtime GUESS licensee since 1990, will leverage its expertise in managing global fashion brands' accessories.

The partnership aims to enhance rag & bone's global expansion through Signal's strong retail relationships and distribution network. The collaboration will launch its inaugural collection in Spring 2025, with products available at rag & bone boutiques worldwide, rag-bone.com, and premium retailers including Nordstrom and Bloomingdales in North America.

GUESS has also extended its existing partnership with Signal Brands for an additional 15 years for worldwide handbag distribution. The collaboration brings together industry veterans Paul Marciano, GUESS co-founder, and Andrew Rosen, focusing on delivering high-quality products that align with rag & bone's New York aesthetic and traditional craftsmanship.

Tilly's (NYSE: TLYS) has announced the appointment of Michael Relich to its Board of Directors. Relich brings over 40 years of retail experience, specializing in systems and information technology. His most recent position was co-CEO of PacSun, and he previously served on the board of PSEB , where he held roles as Interim CEO and COO. The new board member has extensive experience in C-level positions at major retailers including Lucky Brand, Crate & Barrel, Guess (NYSE: GES), and Wet Seal. He currently serves on the advisory board of several technology companies. Executive Chairman Hezy Shaked expressed confidence that Relich's expertise in teen and young adult retail, combined with his IT knowledge, will be valuable additions to the board.