Guess? Inc. Going Private in $1.4B Deal with Authentic Brands Group

US-based Authentic Brands Group has signed a definitive agreement to acquire a controlling ownership interest in substantially all of  the intellectual property (IP) of the global lifestyle brand Guess?

With $6bn in global retail-equivalent sales, Guess? is set to become Authentic’s second-largest brand. The acquisition will raise Authentic’s total annual retail sales to $38bn worldwide.

Authentic will own a 51% stake in a newly established entity that will own and license substantially all of Guess?’s IP.

Read more at Retail Insight Network