Associated tags: Collection, Fashion, Retail, GES, NYSE, Department Stores
Locations: SPAIN, SWITZERLAND, ARGENTINA, SOUTH AMERICA, SIERRA, NEVADA, UNITED STATES, NORTH AMERICA, CALIFORNIA, ASIA, AMERICAS, EUROPE
Men,
Professional Services,
Luxury,
Specialty,
Consumer,
Fashion,
Textiles,
Retail,
Women,
Finance,
Footwear,
Manufacturing,
GES,
Acquisition,
Clothing Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced that they have completed the previously announced acquisition of New York based fashion brand rag & bone.
Key Points:
- Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced that they have completed the previously announced acquisition of New York based fashion brand rag & bone.
- has contributed $57.1 million towards the purchase of rag & bone, in addition to contributions from WHP Global.
- has entered into an agreement with the lenders of its existing $150 million asset-based revolving credit facility to increase the borrowing capacity under the facility by $50 million to a total of $200 million.
- For additional information on the acquisition of rag & bone, please read the announcement press release here .
Guess?, Inc. (NYSE: GES) (the “Company”) today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million of the Company’s common stock.
Key Points:
- Guess?, Inc. (NYSE: GES) (the “Company”) today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million of the Company’s common stock.
- also separately announced today that, as part of this new program and through a convertible bond exchange transaction, it has agreed to repurchase 326,429 shares of the Company’s common stock for $10.3 million.
- Carlos Alberini, Chief Executive Officer, commented, “Returning capital directly to our shareholders is a high priority for our Board.
- This $200 million share repurchase authorization and the more than $10 million repurchase we have announced today reflects our confidence in the business and follows our recently announced special dividend of $2.25 per share which will be paid in early May.
Fashion,
Professional Services,
Retail,
Other Retail,
Department Stores,
Finance,
Bank of America,
Uncertainty,
GES,
Exchange,
Bank,
CUSIP,
Sale,
Observation,
Judgement,
Annual report,
Debt-to-GDP ratio,
Share repurchase,
Subscription business model,
Transaction,
Repurchase agreement,
Security (finance) Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
Key Points:
- Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
- The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
- The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
- The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.
Retrieved on:
Wednesday, March 20, 2024
Online Retail,
Fashion,
Retail,
Footwear,
Delivery Services,
Generation,
GES,
Entrepreneurship,
EPS,
CUSIP,
Generation Z,
Sale,
Acquisition,
Table,
Clothes horse,
Note,
GAAP,
Government,
Video game For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.
Key Points:
- For the fourth quarter of the fiscal year ended February 3, 2024 (“fiscal 2024”), the Company recorded GAAP net earnings of $115.3 million, a 20% increase from $95.8 million for the same prior-year quarter.
- The Company’s fourth quarter fiscal 2024 results included 14 weeks, while the fourth quarter of the fiscal year ended January 28, 2023 (“fiscal 2023”) results included 13 weeks.
- For the fourth quarter of fiscal 2024, the Company’s adjusted net earnings were $110.8 million, a 13% increase from $98.2 million for the same prior-year quarter.
- Total net revenue for the fourth quarter of fiscal 2024 increased 9% to $891.1 million from $817.8 million in the same prior-year quarter.
Retrieved on:
Wednesday, March 13, 2024
Guess?, Inc. (NYSE: GES) will release its financial results for the fourth quarter and fiscal year 2024, which ended February 3, 2024, on Wednesday, March 20, 2024.
Key Points:
- Guess?, Inc. (NYSE: GES) will release its financial results for the fourth quarter and fiscal year 2024, which ended February 3, 2024, on Wednesday, March 20, 2024.
- The Company will webcast a conference call at 4:45 p.m. (ET) that day to discuss the results.
- A live webcast will be accessible at www.guess.com via the “Investor Relations” link.
- A replay of the conference will be archived on the website for 30 days.
Retrieved on:
Friday, February 16, 2024
Retail,
Online Retail,
Department Stores,
Fashion,
Acquisition,
Woman,
Shareholder,
Weather,
Annual report,
WHP,
Sage Group,
Growth,
Timeless,
Solomon Partners,
Commitment,
Risk,
Family,
O'Melveny & Myers,
IP,
LLP,
GES,
Acceleration,
Clothing Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced a definitive agreement to acquire New York-based fashion brand rag & bone.
Key Points:
- Guess?, Inc. (NYSE: GES) and global brand management firm WHP Global today announced a definitive agreement to acquire New York-based fashion brand rag & bone.
- We look forward to partnering with WHP Global to build on rag & bone’s heritage.
- and WHP Global have entered into a definitive agreement to acquire rag & bone, under which Guess?
- will acquire and own all the brand's operating assets and assume the related operating liabilities of the rag & bone business.
Retrieved on:
Thursday, February 1, 2024
GUESS, a global leader in fashion and lifestyle, is delighted to announce the grand re-opening of its newest store at the renowned Forum Shops at Caesars Palace in Las Vegas.
Key Points:
- GUESS, a global leader in fashion and lifestyle, is delighted to announce the grand re-opening of its newest store at the renowned Forum Shops at Caesars Palace in Las Vegas.
- The much-anticipated event took place on January 26, 2024, marking a significant moment for the brand as they expand their brick-and-mortar presence.
- The grand re-opening signifies GUESS's dedication to providing an unparalleled shopping experience that reflects the dynamic spirit of the brand.
- For more information, visit the GUESS store at The Forum Shops at Caesars Palace or the official GUESS website.
Entertainment,
Online,
Communications,
TV and Radio,
Celebrity,
Fashion,
Footwear,
Retail,
Influencer,
Face,
Family,
ADV,
GUESS,
SS24,
Internet,
Multimedia,
Fashion design GUESS and Marciano are proud to announce the launch of their new SS24 ADV campaign featuring Spanish-Argentine model, influencer, and TV star, Georgina Rodríguez, who will be making a reappearance in the brand’s advertising for the second time.
Key Points:
- GUESS and Marciano are proud to announce the launch of their new SS24 ADV campaign featuring Spanish-Argentine model, influencer, and TV star, Georgina Rodríguez, who will be making a reappearance in the brand’s advertising for the second time.
- This press release features multimedia.
- Georgina Rodríguez stated: “It’s a real honor to be invited back to work on the new GUESS campaign.
- I also admire her for her personal values and the importance she places on family.
Retrieved on:
Saturday, January 6, 2024
Fashion,
Footwear,
Retail,
Jewelry,
Department Stores,
Catalog,
Annual report,
Bank,
Sale,
GES,
Transaction,
Bank of America,
CUSIP,
Uncertainty,
Debt-to-GDP ratio,
Repurchase agreement,
Judgement,
Observation,
Subscription business model,
Share repurchase,
Exchange,
Security (finance) Pursuant to the Exchange and Subscription Agreements, the Company will exchange approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
Key Points:
- Pursuant to the Exchange and Subscription Agreements, the Company will exchange approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
- The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
- The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
- The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.
Retrieved on:
Friday, December 29, 2023
Other Professional Services,
Textiles,
Professional Services,
Consumer,
Fashion,
Other Consumer,
Manufacturing,
Retail,
Senior,
Conference,
Webcast,
ICR,
Collection,
Interest,
GES Guess?, Inc. (NYSE: GES) announced today that the Company will be participating in a fireside chat at the ICR Conference 2024 on Monday, January 8, 2024 at 11:00 a.m. Eastern Time.
Key Points:
- Guess?, Inc. (NYSE: GES) announced today that the Company will be participating in a fireside chat at the ICR Conference 2024 on Monday, January 8, 2024 at 11:00 a.m. Eastern Time.
- The Company will be represented at the conference by Markus Neubrand, Chief Financial Officer, Dennis Secor, Executive Vice President, and Fabrice Benarouche, Senior Vice President Finance, Investor Relations and Chief Accounting Officer.
- The webcast and related presentation materials will be available for 30 days following the conference.
- As of October 28, 2023, the Company directly operated 1,015 retail stores in the Americas, Europe and Asia.
