GUESS

Guess?, Inc. Comments on ISS Recommendation

Retrieved on: 
Thursday, April 14, 2022

An independent committee of the Guess Board is currently conducting an investigation related to Legion Partners Demand Letter.

Key Points: 
  • An independent committee of the Guess Board is currently conducting an investigation related to Legion Partners Demand Letter.
  • The Company considers the interests of all shareholders as it prioritizes good governance oversight, the Companys long-term value and the continued execution of Guess dramatically improved financial results.
  • Guess shareholders who need assistance in voting their shares may call Guess proxy solicitor, Innisfree M&A Incorporated, at (877) 750-0625 (toll-free).
  • Established in 1981, GUESS began as a jeans company and has since successfully grown into a global lifestyle brand.

Dunhill Fragrance License to Expire

Retrieved on: 
Thursday, April 14, 2022

Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its Dunhill fragrance license will expire on September 30, 2023 and will not be renewed.

Key Points: 
  • Inter Parfums, Inc. (NASDAQ GS: IPAR) today announced that its Dunhill fragrance license will expire on September 30, 2023 and will not be renewed.
  • Once the license expires, Inter Parfums has the right to sell-off its remaining Dunhill fragrance inventory for a limited time as is common in our industry.
  • Jean Madar, Chairman & CEO of Inter Parfums noted, I am very proud of the Dunhill fragrance business we built over the past decade.
  • We took over the Dunhill fragrance license in April 2013 and, in the intervening years, brought to market several fragrance pillars for the brand, including the Icon and Signature collections.

GUESS : THE ORIGINAL FOUNDER, GEORGES MARCIANO, TELLS THE REAL STORY OF GUESS AFTER FALSE CLAIMS ON SOCIAL MEDIA

Retrieved on: 
Thursday, April 14, 2022

The story as told and the account of events as recited are plainly wrong, according to Georges Marciano.

Key Points: 
  • The story as told and the account of events as recited are plainly wrong, according to Georges Marciano.
  • "Paul makes outrageous false claims about the inception, he history of GUESS and its own involvement therein.
  • He is taking undue credit and is distorting reality in a very concerning way, on the verge of impersonation", says Georges Marciano.
  • Georges Marciano considers that "history has its eyes on us: liars will be recalled as liars and even worst.

A NEW LEGACY IN COMFORT: EASY SPIRIT LAUNCHES DEBUT MEN’S FOOTWEAR COLLECTION

Retrieved on: 
Wednesday, April 13, 2022

As the Makers of Easy, Easy Spirit is an expert on building comfort shoes engineered with thoughtfully integrated benefits.

Key Points: 
  • As the Makers of Easy, Easy Spirit is an expert on building comfort shoes engineered with thoughtfully integrated benefits.
  • The Easy Spirit Mens footwear collection features new technology made specifically for him, in a range of silhouettes for all-day comfort and support for every activity.
  • The Easy Spirit Men's customer has an eye for quality and an increasing need for versatility, says Marc Fisher, CEO of Marc Fisher Footwear, owner of Easy Spirit.
  • Easy Spirit Mens launches with a multi-faceted collection of shoes built with comfort and style that can take him from work to home, family to play and more.

Guess?, Inc. Comments on Legion Partners’ False and Misleading Letter to Shareholders

Retrieved on: 
Tuesday, April 12, 2022

While Legion is entitled to their own opinions and views, they are not entitled to create their own false narrative for the benefit of their campaign.

Key Points: 
  • While Legion is entitled to their own opinions and views, they are not entitled to create their own false narrative for the benefit of their campaign.
  • Legion seems bent on recycling false and misleading information, while we are focused on executing our transformation strategy and driving our strong business performance, both of which Legion has complimented.
  • The Company finds Legions withhold campaign to be nothing more than an attempt to end-run the demand-process that Legion itself started with its Demand for Board Action letter.
  • We believe it demonstrates that Legion is not interested in the facts, and only interested in pursuing a singular predetermined outcome.

Guess?, Inc. Files Definitive Proxy Materials and Investor Presentation

Retrieved on: 
Friday, April 8, 2022

The presentation is available on the Annual Meeting Materials section on the investor relations section of the Companys website.

Key Points: 
  • The presentation is available on the Annual Meeting Materials section on the investor relations section of the Companys website.
  • The Company filed its definitive proxy statement and the WHITE proxy card with the SEC on April 6, 2022 in connection with the solicitation of proxies from the Companys shareholders.
  • Shareholders will be able to obtain the definitive proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SECs website at www.sec.gov .
  • 1 Please refer to the appendix to the Investor Presentation for a full GAAP to non-GAAP reconciliation of this measure, available on the Annual Meeting Materials section on the investor relations section of the Companys website.

MARC FISHER LTD LAUNCHES MEN'S FOOTWEAR COLLECTION

Retrieved on: 
Tuesday, April 5, 2022

New York, New York, April 05, 2022 (GLOBE NEWSWIRE) -- Marc Fisher Footwear Company (Marc Fisher), a fashion footwear industry leader with a portfolio that includes many of the most recognizable and iconic American brands, announced today its launch of Marc Fisher LTD Mens.

Key Points: 
  • New York, New York, April 05, 2022 (GLOBE NEWSWIRE) -- Marc Fisher Footwear Company (Marc Fisher), a fashion footwear industry leader with a portfolio that includes many of the most recognizable and iconic American brands, announced today its launch of Marc Fisher LTD Mens.
  • Marc Fisher LTD Mens is a collection of low-key, cool wardrobe footwear staples curated for work, play, and travel, with a focus on expertly crafted modern silhouettes, quality materials and understated details.
  • With the long-standing success of our womens collections and noticing the whitespace in mens assortments, I wanted to create easy, elevated shoes that any guy could wear and not even think about, so versatile that they instantly upgrade his everyday look, said Marc Fisher, CEO of Marc Fisher Footwear.
  • Headquartered in Greenwich, Connecticut, with showrooms in New York City, Marc Fisher Footwear is sold worldwide through department stores, specialty stores and e-commerce channels.

Guess?, Inc. Comments on Legion Partners’ Withhold Campaign

Retrieved on: 
Thursday, March 17, 2022

The Guess Board of Directors is open to new ideas to create value for all shareholders and has a long track record of shareholder engagement and responsiveness. However, to date, Legion Partners has not presented any new ideas with regard to the Company’s strategy or operations that will advance our core objective of driving value for Guess shareholders. Instead, Legion has created a massive distraction to the senior executives who have performed extremely well, as demonstrated by the results released yesterday. We believe that Legion’s grand idea to date --- removing two individuals who have been critical to our success --- would be very destabilizing and detrimental to the Company.

Key Points: 
  • The Company believes the foundation of Legions withhold campaign is based on information from the media and from misinformed and uncorroborated sources.
  • In the meantime, we encourage shareholders to ignore the campaign that Legion is advancing, which the Company finds not only irresponsible but reckless.
  • It is worth noting that Guess is currently responding to a Demand for Board Action letter from Legion (the Legion Demand).
  • The Company finds Legions withhold campaign to be nothing more than an attempt to end-run the demand-process that Legion itself started.

Guess?, Inc. Announces CFO Transition

Retrieved on: 
Wednesday, March 16, 2022

CFO from 2006 to 2012 and succeeds Katie Anderson, who is stepping down to pursue another opportunity at a privately-held company as CFO.

Key Points: 
  • CFO from 2006 to 2012 and succeeds Katie Anderson, who is stepping down to pursue another opportunity at a privately-held company as CFO.
  • CFO over the past two and a half years and to have worked alongside our talented leadership team, said Ms. Anderson.
  • through March 2023 to support the Company while the search for a permanent CFO is conducted and to help provide an orderly transition.
  • Guess?

Guess?, Inc. Issues Statement Regarding Legion Partners

Retrieved on: 
Thursday, March 10, 2022

Guess?, Inc. (NYSE: GES) (Guess or the Company) today issued the following statement regarding recent public commentary by Legion Partners.

Key Points: 
  • Guess?, Inc. (NYSE: GES) (Guess or the Company) today issued the following statement regarding recent public commentary by Legion Partners.
  • In addition, the Guess Board notified Legion Partners in advance of its plan to set an annual meeting date that would allow Guess shareholders the earliest opportunity to vote on the matters that Legion Partners has raised.
  • Legion Partners claim that the Board has 'turned a blind eye' to allegations regarding Paul Marciano is demonstrably false.
  • In both Legion Partners public correspondence and private dialogue with us, Legion Partners has complimented the Companys current transformation strategy and our strong business performance.